The company was established in 1930 by Moshe Novomeysky. It was known then as the Palestine Potash Company. From 1936, it was a profitable enterprise despite attempts by the German potash cartel to strangle the business by dumping potash at below-cost prices.
Dead Sea Works is the world's fourth largest producer and supplier of potash products. The company also produces magnesium chloride, industrial salts, de-icers, bath salts, table salt, and raw materials for the cosmetic industry. It has customers in over 60 countries. Dead Sea Works is part of the Fertilizers Division of Israel Chemicals Ltd. It is located in the southern basin of the Dead Sea and the extracted chemicals are exported around the world.
Rather than extracting potash and other minerals from the Dead Sea by mining them directly, the company makes use of solar energy with 2-meter deep evaporation ponds.