|This article needs additional citations for verification. (January 2008)|
|Native name||כימיקלים לישראל בע"מ|
|Traded as||(TASE: ICL)|
|Number of locations||195 Offices and plants (2012)|
|Revenue||US$ 6,672.2 million (2012)|
|Operating income||$ 1,576.5 million (2012)|
|Profit||$ 1,300.5 million (2012)|
Israel Chemicals Ltd. (Hebrew: כימיקלים לישראל בע"מ), also known as 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, as well as the leading provider of pure phosphoric acid. It is a major manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions. the Company is divided into three segments: ICL Fertilizers, ICL Industrial Products and ICL Performance Products. Its mining and manufacturing operations are located in Israel, Europe, the Americas and China.
ICL’s history began in the early 20th century with the first efforts to extract minerals from the Dead Sea in Israel's South. After Israel's independence in 1948, the extraction of minerals from the Dead Sea carried on with the establishment of Dead Sea Works Ltd. As a state-owned company in the early fifties. During the same period, several other state-owned companies were created to extract minerals from the Negev Desert and transform them into chemical products. Over the years, many of these companies were joined to become ICL. Among the milestones in ICL’s history are the following:
- 1968: ICL established by the State of Israel as a government-owned company.
- 1975: Expansion through the consolidation of additional government-owned entities, including Dead Sea Works, the companies that comprised Rotem Amfert Negev, Bromine Compounds and TAMI, ICL’s research arm.
- 1977: ICL started its first manufacturing (as opposed to sales) efforts abroad, with the purchase of BK Giulini Chemie GmbH, a German chemical manufacturer. This was followed in later years with further overseas acquisitions.
- 1992: Israeli government’s privatization of ICL through the listing of its shares on the Tel Aviv Stock Exchange (TASE) and issuing a special non-transferable “State Share” to the State of Israel to protect The government’s vital interests.
- 1995: The State of Israel completes the privatization of ICL and sells its controlling interest (~24.9% of the Company’s equity) to Israel Corp., then controlled by the Eisenberg family.
- 1999: The Ofer Brothers Group acquired control of Israel Corp. Between 1995 and 2000, the Government sold its remaining shares in the Company.
As of April 2009, the company was said to be considering a bond offering to raise 500 million shekels ($122 million).
90% of ICL's sales are exports. A major player on world markets, ICL through its subsidiaries, accounts for:
- 35% of world bromine production
- 11% of world potash production and 13% of international potash trade (excluding the cross-border trade between the United States and Canada)
- 9% of western world primary magnesium consumption
- 3% of world phosphate rock production, 3% of international phosphate rock trade (excluding the cross-border trade between the US and Canada)
- One of the world’s most integrated manufacturers and suppliers of phosphate products.
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.
The majority shareholder of the Company is the Israel Corporation (52.3%). Another significant shareholder is Potash Corporation of Saskatchewan (13.85%). The remainder of ICL’s equity is held by institutional investors and the general public. (33.85%)
ICL is subdivided in three segments: Fertilizer, Performance Products and Industrial Products.
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