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ICL Announces the Sale of Potash to Customers in India

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ICL Announces the Sale of Potash to Customers in India

PR Newswire

TEL AVIV, Israel, Aug. 29, 2018 /PRNewswire/ -- ICL (NYSE:ICL)  (TASE: ICL), a leading global specialty minerals and specialty chemicals company, today announced that it signed a contract for the supply of 550,000 metric tonnes of potash, including options, to be shipped between September 2018 and June 2019, with its customer in India. The agreed quantities are in line with previous year's agreed quantities. The selling price stipulated in the contract is $50 per tonne above the previous contracts and similar to the prices announced recently by other potash manufacturers for sales to the Indian market. The Company expects to sign additional contracts in the near future with customers in India for estimated quantities of 225,000 metric tonnes of potash, including options, to be supplied between September 2018 and June 2019, at the same price.

About ICL

ICL is a global specialty minerals and specialty chemicals company that operates three core mineral chains - potash, bromine and phosphates – in a unique, integrated business model.  The company extracts raw materials from well-positioned mineral assets, and utilizing sophisticated product formulation technologies, creates products that add value for customers in key agricultural and industrial markets worldwide.  ICL's operations are divided into four business divisions: Potash; Phosphate Solutions (P2O5 Chain); Industrial Products (bromine value chain and complementary business); and Innovative Agro Solutions. 

ICL shares are dual-listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE:ICL). The company employs over 11,000 people worldwide, and its 2017 revenues totaled $5.4 billion.

For more information, please visit the Company's website at www.icl-group.com.

INVESTOR RELATIONS CONTACT                   

 PRESS CONTACT             

Limor Gruber                   

 Maya Avishai                                                         

Head of Investor Relations            

 Head of Global External Communications     

+972-3-684-4471                         

 +972-3-684-4477

Limor.Gruber@icl-group.com                    

 Maya.Avishai@icl-group.com

 

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SOURCE ICL

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