Israel Chemicals

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Israel Chemicals Ltd.
Native name
כימיקלים לישראל בע"מ
Founded 1968
Number of locations
195 Offices and plants (2012)
Area served
Key people
  • Stefan Borgas (President and CEO)
  • Nir Gilad (Chairman)
  • Akiva Mozes (President and CEO,1999-2012)
Revenue Decrease US$ 6,672.2 million (2012)
Decrease $ 1,576.5 million (2012)
Profit Decrease $ 1,300.5 million (2012)
Number of employees
12,272 (2013)
  • ICL Fertilizers
  • ICL Industrial Products
  • ICL Performance Products
Footnotes / references
mineral extraction in the Dead Sea

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.[7] ICL produces approximately a third of the world’s bromine, and is the world’s sixth-largest potash producer,[8] as well as the leading provider of pure phosphoric acid.[9] It is a major manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions.[10] 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.[11][12]

As of April 2009, the company was said to be considering a bond offering to raise 500 million shekels ($122 million).[13]

Current operations[edit]

90% of ICL's sales are exports. A major player on world markets, ICL through its subsidiaries, accounts for:[14]

  • 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.[citation needed]

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 US and South America.

Major shareholders[edit]

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.

External links[edit]


  1. ^ "New Israel Chemicals CEO: Big shoes to fill". Ha'aretz. 20 August 2012. 
  2. ^ "ISRAEL insider: Nir Gilad". 
  3. ^ "Akiva Mozes: Executive Profile & Biography - Businessweek". Businessweek. Bloomberg L.P. Retrieved 22 September 2013. 
  4. ^ "ICL Reports Solid Results & Strong Cash Flow for 2012 Despite Weak Global Economic Environment". PRNewswire. 13 March 2013. 
  5. ^ "Israel Chemicals - ownership Data". 
  6. ^ "Israel Chemicals Q3 report". Calcalist. Yedioth Ahronoth Group. Retrieved 13 November 2013. 
  7. ^ "Israel Chemicals teams with Vietnamese co". Globes. 2 September 2013. Retrieved 29 September 2013. 
  8. ^ Donville, Christopher (25 July 2013). "Potash Cuts Profit Forecast After Fertilizer Price Drop". Bloomberg. Retrieved 30 September 2013. 
  9. ^ "ICL Signs 3-Year, 3.3 Million Metric Ton Potash Supply Framework Agreements With its Customers in China; - Firm Agreements for H1 2013 Total 660,000 Tons". MarketWatch. The Wall Street Journal. 17 January 2013. Archived from the original on 2013-01-24. 
  10. ^ "Israel Corp Limited/The (ILCO:Tel Aviv)". Businessweek. Bloomberg,com. 
  11. ^ "History - ICL". Retrieved 6 October 2013. 
  12. ^ "Gale Directory of Company Histories: Israel Chemicals Ltd.". Retrieved 6 October 2013. 
  13. ^ "Israel Chemicals Mulls 500 Mln Shekel Bond Issue". Retrieved 12 April 2009. 
  14. ^ Israel Chemicals - Company Profile BusinessWeek