ICL Group Ltd - Company Profile
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Business Description
ICL Group Ltd (ICL) is a chemical and specialty mineral manufacturer operating in bromine, potash and phosphate mineral value chains. Its products are used mainly in sectors such as agriculture, cosmetics, electronics, fuel and gas exploration, food, detergents, water purification and desalination, medicines and vehicles.
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R&D Overview
R&D focuses on the development of next-generation fertilization to promote nutrient use efficiency, biodegradable coatings, nutrient sensing, growth enhancers, nitrogen fixation and soil health. The company aims to develop food technology, e-mobility and sustainability and novel materials such as flame retardants, paints & coatings additives and biocides. R&D activities include both internal and joint research with universities, research institutes and startups. ICL's innovation focuses on Crop Nutrition, Food Specialties, Energy Solutions, Advanced Materials and Industry 4.0. ICL has R&D facilities in Israel, Germany, the Netherlands and the US. As of December 2023, ICL had around 700 granted patents in various countries. In FY2023, it spent US$71 million on R&D, which increased 4.4% YoY.
Business Segments
Overview
Develops, manufactures, markets and sells fertilizers based primarily on nitrogen, potash (potassium chloride) and phosphate. Produces water soluble specialty fertilizers in Belgium and the US; liquid fertilizers and soluble fertilizers in Israel and Spain; and controlled release fertilizers in the Netherlands and the US; Specialty fertilizers business markets products worldwide, mainly in Europe, Asia, North America and Israel. The segment also functions as the company’s innovative arm, which focuses on R&D, and implements digital innovation. In FY2023, the segment’s capital expenditure stood at US$92 million. Deems enhancing global positions in core markets of specialty agriculture, ornamental horticulture, turf and landscaping and targeting high-growth markets such as Latin America, India and China as crucial factors for growth.
Performance
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Overview
Produces bromine out of a solution, which is a by-product of potash production process in Sodom, Israel, and bromine-based compounds. Focuses on three main sub-business lines: flame retardants, industrial solutions and specialty minerals. Produces other grades of potash, magnesium chloride and magnesia products, salt, phosphorous-based flame retardants, and other phosphorus-based products Major manufacturing facilities are in France, Israel, the Netherlands, Germany, the US and China. Principal markets consists of China, Japan, Taiwan, Western Europe and the US. In FY2023, the segment’s capital expenditure stood at US$91 million. Views harnessing its unique logistical advantages and experience related to the safety and environmental aspects of its bromine business as major factors for growth.
Performance
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Overview
Operates in two main streams: phosphate specialties and phosphate commodities. Comprises phosphate value chain, which uses phosphate commodity products to produce specialty products with higher added value. Also produces and markets phosphate-based fertilizers. Manufactures thermal phosphoric acid to provide solutions based on specialty phosphate salts and acids for application in cleaning products, oral care, water treatment, paints and coatings, asphalt modification, construction and metal treatment. Develops and produces functional food ingredients and phosphate additives, which provide texture and stability solutions for the processed meat, poultry, seafood, dairy, beverage and baked goods markets. Mines and processes phosphate rock from open pit mines in the Negev Desert in Israel and Yunnan province in China. Produces sulphuric acid, green phosphoric acid and phosphate fertilizer through facilities in Israel, China and Europe. Operates phosphate fertilizers production facilities in the Netherlands and Germany. Provides animal feed additives through facilities in Turkey. Manufactures specialty products in Germany, the US, Israel, Brazil, China, the UK, Argentina, Australia and Mexico. In FY2023, the segment’s capital expenditure stood at US$272 million. Views outgrowing the market by enhancing its customer relationships and optimizing its production capabilities directed at specialty products as the major factors for growth.
Performance
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Overview
Includes an innovative arm that promotes innovation and the development of new products and services, as well as digital platforms and technological solutions for farmers and agronomists. -It includes Growers and Agmatix, innovative start-ups that are developing agricultural data processing and analysis capabilities for the future of agriculture. -In FY2023, the segment’s capital expenditure stood at US$11 million.
Performance
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Overview
Extracts potash from the Dead Sea using an evaporation process; and uses conventional mining to produce potash and salt from an underground mine in Spain. Markets potash fertilizers worldwide. Produces Polysulphate through an underground mine at ICL Boulby in the UK, which is the basis for a significant part of the company’s FertilizerpluS product line. Produces, markets and sells pure magnesium and magnesium alloys, and related by-products, including chlorine and sylvinite. Sells the salt produced at its underground mines in Spain and UK. Primary markets of potash are Europe, China, Brazil and India. In FY2023, the segment’s capital expenditure stood at US$384 million. Focuses on harnessing its well-positioned and unique potash assets, and logistical advantages, for establishing itself as one of the three most competitive suppliers in its major target markets, namely South America, Europe and South-East Asia. Also intends to continue enhancing its competitive production of magnesium; and optimize synergies with its potash operations at the Dead Sea.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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