Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

ICL Invests In Chinese Phosphates

by Alexander H. Tullo
December 22, 2014 | A version of this story appeared in Volume 92, Issue 51

Israeli fertilizer and chemical maker ICL is placing a $500 million bet on the Chinese fertilizer market. For that amount, the company will get a 15% stake in the fertilizer giant Yunnan Yuntianhua and a 50% stake in a Yunnan phosphates complex. Yunnan operates a 2.5 million-metric-ton-per-year phosphate rock mine as well as downstream plants that make sulfuric acid, phosphoric acid, phosphate fertilizers, and specialty phosphates. The partners intend to invest $170 million with the aim of increasing the phosphate complex’s annual sales from $500 million today to $700 million over the next five years. ICL says the acquisition is part of its strategy to expand into the developing world. Separately, Brazilian regulators have approved ICL’s $52 million purchase of a 44% stake in the Brazilian purified phosphoric acid maker Fosbrasil.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.