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ICL Group Ltd.
Global manufacturer of mineral based products

ICL Group Ltd. (formerly Israel Chemicals Ltd., ICL) is a multi-national manufacturing concern that develops, produces and markets fertilizers, metals and other special-purpose chemical products. ICL serves primarily three markets: agriculture, food and engineered materials. ICL produces approximately a third of the world's bromine, and is the world's sixth-largest potash producer. It is a manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions.

ICL is majority controlled by the Israel Corporation, one of the largest Israeli conglomerates. In addition to the Dead Sea Works, Israel Chemicals mines phosphates in the Negev desert.

ICL Group serves customers in Asia.

The company's share is a dual stock traded on the Tel Aviv Stock Exchange since 1991 and on the New York Stock Exchange under the symbol ICL, and is part of the Tel Aviv 35 Index.

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Operations and business

90% of ICL's sales are exports. Through its subsidiaries, ICL produces 35% of world's bromine, 13% of the world's potash (excluding US-Canada cross-border trade), 9% of the western world's magnesium and 3% of the world's phosphate rock, (excluding US-Canada cross-border trade).7

ICL exports fertilizers to Europe and to numerous specialty chemical market segments. In Israel, ICL is the largest supplier of fertilizers and chemicals, as well as one of Israel's largest companies.

60% of ICL's raw products (minerals) are excavated in Israel. ICL also owns and operates underground mines in Spain, United Kingdom (North Yorkshire), China, the United States and South America. Also, in Ethiopia at Danakil mine, Afar Regional State, purchased from Allana Potash Corporation.

ICL North American headquarters are in Creve Coeur, Missouri.8

Polysulphate

Polysulphate is a brand name for polyhalite fertilizer products produced for farming, turf, and horticulture. The only mined source is a polyhalite seam that lies 150–170 m (490–560 ft) beneath the potash seam at Boulby Mine, England.9

Food business

ICL is active in the market for plant-based meat alternatives and invested $20 million in October 2019 to expand its manufacturing capacity and R&D base.10

In December 2021, ICL announced the grand opening of a 10,000 square foot alternative protein production facility in St. Louis, Missouri, previously owned by Bayer.11

Lithium iron phosphate

ICL began developing a new plant in St. Louis to process lithium iron phosphate in 2023. In 2024, ICL received US federal infrastructure grant funds to build a larger plant in north St. Louis.12

White phosphorus

ICL supplies White phosphorus munition to the United States Armed Forces and commercial customers, such as Israel.13 The largest production facility is in Pine Bluff, Arkansas, as a collaboration with Pine Bluff Arsenal, ICL, and Bayer.14

Amnesty International has gathered evidence that white phosphorus artillery shells were used by Israel in densely populated civil areas in Gaza, which can be considered indiscriminate attacks. 15 That usage of white phosphorus for military purposes is prohibited under the Geneva Conventions since 1997 and deemed as a war crime. 16 The reactions on that include the creation of a grassroot movement called Boicot ICL nearby the mines that the company holds in Catalonia. The movement main claim is the halt to exports for military purposes. 17

Financials

In April 2009, the company was said to be considering a bond offering to raise 500 million shekels ($122 million).18

ICL announced in September 2018 that it was launching a tender to buy back $800 million worth of 4.5 percent debt due in 2024 sold to bondholders in 2014.19 The bonds of the new offer are running for 20 to 30 years.20

References

  1. "Israel Chemicals Ltd.'s Announcement of a Name Change to ICL Group Ltd". Archived from the original on 28 August 2022. Retrieved 16 February 2021. https://web.archive.org/web/20220828140217/https://sec.report/Document/0001178913-20-001357/ ↩

  2. "Israel Chemicals teams with Vietnamese co". Globes. 2 September 2013. Retrieved 29 September 2013. http://www.globes.co.il/serveen/globes/docview.asp?did=1000876904&fid=1725 ↩

  3. Donville, Christopher (25 July 2013). "Potash Cuts Profit Forecast After Fertilizer Price Drop". Bloomberg News. Retrieved 30 September 2013. https://www.bloomberg.com/news/2013-07-25/potash-cuts-profit-forecast-after-fertilizer-price-drop.html ↩

  4. "Israel Corp Limited/The (ILCO:Tel Aviv)". Bloomberg Businessweek. Archived from the original on 29 September 2013. https://archive.today/20130929160404/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=ILCO:IT ↩

  5. Knesset hears sovereign wealth fund will fall short of PM’s predicted bonanza https://www.timesofisrael.com/knesset-hears-sovereign-wealth-fund-will-fall-short-of-pms-predicted-bonanza/ ↩

  6. "ICL Group Ltd – Company Profile and News". Bloomberg News. Retrieved 4 July 2022. https://www.bloomberg.com/profile/company/3IH:GR ↩

  7. Israel Chemicals – Company Profile Archived 2 December 2013 at the Wayback Machine BusinessWeek http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ICL:IT ↩

  8. Knox, Samir (2 April 2025). "Israeli battery company shows off $30M south St. Louis plant". St. Louis Business Journal. Retrieved 4 April 2025. https://www.bizjournals.com/stlouis/inno/stories/news/2025/04/02/icl-lithium-battery-plant-cardondelet.html ↩

  9. Lazenby, Henry. "Polyhalite – an almost forgotten potash source back from the brink". Mining Weekly. Retrieved 19 May 2016. http://www.miningweekly.com/article/polyhalite-an-almost-forgotten-potash-source-back-from-the-brink-2012-08-17 ↩

  10. "Israel Chemicals invests $20M in plant-based ingredient production". Food Dive. Retrieved 31 October 2019. https://www.fooddive.com/news/israel-chemicals-invests-20m-in-plant-based-ingredient-production/565151/ ↩

  11. "ICL Opens New Alternative-Protein Facility in St. Louis". ICL Group. Retrieved 15 June 2022. https://investors.icl-group.com/reports-news-and-events/press-releases/press-releases-details/2021/ICL-Opens-New-Alternative-Protein-Facility-in-St.-Louis/default.aspx ↩

  12. Rubbelke, Nathan (19 November 2024). "Battery materials maker pivots, putting plant and $500M investment in North City". www.bizjournals.com. Retrieved 6 January 2025. https://www.bizjournals.com/stlouis/news/2024/11/19/icl-north-city-plant-electric-batteries.html ↩

  13. "NZ to stay investing in Israel Chemicals". The New Zealand Herald. 17 June 2014. Retrieved 6 January 2025. https://www.nzherald.co.nz/business/economy/nz-super-fund-stays-with-israeli-chemical-company/IQFF7T6GPS3NF22ZW4AYG6MAW4/ ↩

  14. Burjas, Karam (7 August 2024). "Israel's Use of White Phosphorus and the Inadequacy of International Law". Arab Center Washington DC. Retrieved 6 January 2025. https://arabcenterdc.org/resource/israels-use-of-white-phosphorus-and-the-inadequacy-of-international-law/ ↩

  15. "Israel/OPT: Identifying the Israeli army's use of white phosphorus in Gaza". Citizen Evidence Lab. 13 October 2023. Retrieved 5 April 2025. https://citizenevidence.org/2023/10/13/israel-opt-identifying-the-israeli-armys-use-of-white-phosphorus-in-gaza/ ↩

  16. "Israel: White Phosphorus Used in Gaza, Lebanon | Human Rights Watch". 12 October 2023. Retrieved 5 April 2025. https://www.hrw.org/news/2023/10/12/israel-white-phosphorus-used-gaza-lebanon ↩

  17. "El Primer de Maig de Manresa exigeix a la UPC que deixi de col·laborar amb ICL". FormaBages. Retrieved 5 April 2025. https://formabages.cat/ca/noticies/el-primer-de-maig-de-manresa-exigeix-a-la-upc-que-deixi-de-collaborar-amb-icl ↩

  18. "Israel Chemicals Mulls 500 Mln Shekel Bond Issue". Retrieved 12 April 2009. http://www.stockozone.com/2009/04/israel-chemicals-mulls-500-mln-shekel.html ↩

  19. "Israel Chemicals seeks to extend debt with 20-30 year bond sale". Reuters. 14 May 2018. Retrieved 31 October 2019. https://www.reuters.com/article/icl-bonds-idUSL5N1SL36B ↩

  20. "Israel Chemicals seeks to extend debt with 20-30 year bond sale". Reuters. 14 May 2018. Retrieved 31 October 2019. https://www.reuters.com/article/icl-bonds-idUSL5N1SL36B ↩