TEL AVIV, Israel, July 9, 2020 /PRNewswire/ -- ICL Group
Ltd (NYSE: ICL) (TASE: ICL), a leading global specialty
minerals and specialty chemicals company, today announced the
latest in a series of agreements that will significantly broaden
the availability of Polysulphate globally. Polysulphate, brand name
for Polyhalite fertilizer, is a multi-nutrient, certified organic
fertilizer with unique performance attributes that enable nitrogen
nutrient efficiency and deliver a very low carbon footprint.
ICL, the world's sole producer of Polyhalite, has conducted over
600 field trials of Polysulphate globally, which have resulted in
significant yield increases and quality improvements in a wide
variety of crops and soils.
As part of ICL's strategy to enable and expand the adoption of
Polysulphate globally, it has signed a 5-year agreement with a
leading Ukrainian fertilizer distributor for the distribution of an
aggregate of 350 thousand tonnes of Polysulphate fertilizers in the
Ukraine. This follows the signing
of several long-term distribution agreements that have grown ICL's
global customer base for Polysulphate and Polysulphate-based added
value fertilizers and increased total contracted volumes by 1.1
million tonnes. These include:
- A 5-year agreement referenced above with Transkhimtrade, a
leading Ukrainian fertilizer trade company, for the distribution of
350 thousand tonnes in the aggregate;
- A 12-year agreement for the supply of an aggregate of over 500
thousand tonnes of Polysulphate to Polcalc Sp z o.o, a major
customer in Poland which uses a
unique technology to produce Polysulphate-based fertilizers,
creating a long-term strategic partnership to develop and market
Polysulphate-based specialty fertilizers;
- A renewable annual framework agreement with 16 regional
distributors in China to sell 100
thousand tonnes of Polysulphate and Polysulphate-based fertilizers;
and
- A 3-year agreement, with an optional one-year extension to sell
Polysulphate as raw material for added value fertilizer production
by Fertiberia, S.A., a leading producer and distributor in
Spain
Mr. Eli Amon, EVP IAS
commented: "We are very happy with the progress we are making
towards increasing the global distribution footprint for
Polysulphate, as well as our sales volumes, which have grown by 50%
in each of the last three years. Significant progress has been made
to reach our production run-rate target of 1 million tonnes of
Polysulphate by the end of 2020, and our long-term strategic
partnerships demonstrate the increasing acceptance of Polysulphate
as a unique, high quality fertilizer."
About ICL
ICL Group LTD is a leading global specialty minerals and
chemicals company operating bromine, potash, and phosphate mineral
value chains in a unique, integrated business model. ICL extracts
raw materials from its unique mineral assets and utilizes
technology and industrial know-how to add value for customers in
key agricultural and industrial markets worldwide. ICL shares
are dually listed on the New York Stock Exchange and the Tel Aviv
Stock Exchange (NYSE and TASE: ICL). The company employs over
11,000 people worldwide, and its 2019 revenues totaled
approximately $5.3 billion.
For more information, visit the Company's website at
www.icl-group.com
For more information on Polysulphate,
click here
To access ICL's interactive Corporate Social Responsibility report,
please click here
You can also learn more about ICL on Facebook, Linkedin and
Instagram
INVESTOR RELATIONS
CONTACT
|
PRESS
CONTACT
|
Dudi
Musler
|
Or-li Kasuto
Madmon
|
Investor Relations
Manager
|
Scherf
Communications
|
+972-3-684-4448
|
+972-52-4447750
|
Dudi.Musler@icl-group.com
|
Orli@scherfcom.com
|
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SOURCE ICL