ICL Overview
Company Headquarters: Tel Aviv-Yafo, Israel
Founded: 1968
Workforce: ~12,600
Company Working: Israel Chemicals Ltd (ICL), together with its subsidiaries, is involved in the production of magnesium hydroxide. The company operates through two business segments—namely essential minerals and specialty solutions. The essential minerals segment is further divided into potash and magnesium, phosphate, and specialty fertilizers. The specialty solutions segment is further sub-segmented into industrial products, advanced additives, and food specialties. Under specialty solutions, its subsidiary, ICL Industrial Products, produces magnesium oxide and is a global leader in specialty magnesia which is used in agriculture, construction, environmental, and general chemical grades. It sells its products through marketing companies, agents, and distributors.
Strategy
ICL is focusing on developing formulations of magnesia-based products to fulfill the unmet needs, such as replacing zinc oxide in consumer products and wallboards in construction, and aluminum products in deodorants. Also, it aims at enhancing its competitive position in the market by optimizing synergies with its potash operations at the Dead Sea.
