Last 2,827
Change Today -27.00 / -0.95%
Volume 2.0M
ICL On Other Exchanges
Symbol
Exchange
Tel Aviv
New York
As of 10:24 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

israel chemicals ltd (ICL) Snapshot

Open
$2,854
Previous Close
$2,854
Day High
$2,863
Day Low
$2,825
52 Week High
05/15/14 - $3,180
52 Week Low
10/13/14 - $2,501
Market Cap
35.9B
Average Volume 10 Days
1.5M
EPS TTM
$0.39
Shares Outstanding
1.3B
EX-Date
12/3/14
P/E TM
18.3x
Dividend
$155.66
Dividend Yield
8.35%
Current Stock Chart for ISRAEL CHEMICALS LTD (ICL)

israel chemicals ltd (ICL) Related Businessweek News

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israel chemicals ltd (ICL) Details

Israel Chemicals Ltd. operates as a specialty minerals company worldwide. Its Fertilizers segment extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers. It also manufactures compound fertilizers in the Netherlands, Germany, and Belgium; liquid fertilizers and soluble fertilizers in Spain; slow-release and controlled-release fertilizers in the Netherlands and in the United States; and phosphate-based food additives for livestock in Turkey and Israel. The company’s Industrial Products segment produces bromine out of a solution that is created as a by-product of the potash production process in Sodom, as well as bromine-based compounds; extracts salt, magnesia, and chlorine from Dead Sea brine; and chlorine-based products in Israel and the United States. This segment is also engaged in the production and marketing of flame retardants and phosphorus-based products. Its Performance Products segment purchases clean phosphoric acid and manufactures thermal phosphoric acids, which are used to manufacture downstream products; and offers phosphate salts that are used as a raw material for manufacturing, food additives, hygiene products and flame–retardants, and fire extinguishment products. This segment also manufactures phosphorous derivatives based on phosphorous; specialty products based on aluminum acids; and other raw materials. The company sells its products through marketing companies, agents, and distributors. It has a strategic alliance with Allana Potash. Israel Chemicals Ltd. was founded in 1968 and is headquartered in Tel Aviv, Israel.

12,152 Employees
Last Reported Date: 09/24/14
Founded in 1968

israel chemicals ltd (ICL) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $3.2M
Deputy Chief Executive Officer, Chief Operati...
Total Annual Compensation: $1.2M
Chief Executive Officer of ICL Industrial Pro...
Total Annual Compensation: $1.4M
Chief Executive Officer of ICL Fertilizers an...
Total Annual Compensation: $1.1M
Executive Vice President of Corporate Relatio...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

israel chemicals ltd (ICL) Key Developments

Israel Chemicals Ltd. Announces Management Changes, Effective from April 1, 2015

Israel Chemicals Ltd. announced the retirement of Mr. Avi Doitchman, Executive VP, CFO & Strategy, the company's HR & compensation Committee and the Board of Directors, approved the appointment and employment terms and conditions of Mr. Kobi Altman as Executive Vice President, CFO of the Company. Prior to his appointment as CFO of the Company, Mr. Altman served as Senior Vice President and CFO, Global Generics Medicine of Teva Pharmaceuticals Industries Ltd. and has formerly held several leading finance positions in Teva as well as in other large multinational companies. Mr. Altman will assume his duties as CFO on April 1, 2015, on which date Mr. Avi Doitchman will cease to serve as the Company's CFO. Mr. Doitchman will continue to work with the Company as an external advisor.

Israel Chemicals Group Plans 600 Layoffs Within 2 Years

135 employees of Dead Sea Works, of the Israel Chemicals group, who were summoned to pre-dismissal hearings, are just the start: at the same time as the layoffs at Dead Sea Works, the management of Israel Chemicals, which is controlled by Idan Ofer's Israel Corporation, continues in its attempts to terminate the employment of 144 employees at Bromine Compounds at Neot Hovav. With the completion of the downsizing at these sites, the company plans to consolidate head offices in the group and carry out a restructuring, in the course of which 30 more employees will be laid off. Israel Chemicals explained the decision to hold pre-dismissal hearings at Dead Sea Works by the need to adjust the group's activity to the world potash market and to the implementation of the recommendations of the Sheshinski 2 committee, which recommended that from January 2017 Israel Chemicals should pay the state a 54% surtax. Israel Chemicals announced its intention of cutting its workforce and freezing investment plans amounting to billions of shekels in Israel some time ago, and invited the Dead Sea Works workers committee to enter negotiations on implementation of some of its plans.

ICL to Invest $500 Million in JV with Yunnan Yuntianhua Group

Israel Chemicals Ltd. is to invest $500 million to form a joint venture (JV) with Yunnan Yuntianhua Group. ICL will have 50% ownership of the JV, which will operate an integrated phosphate platform across the value chain, as well as having a strategic holding in Yunnan Yuntianhua. The JV will include a phosphate rock mine, currently operated by Yunnan Yuntianhua, that produces approximately 2.5m tonnes/year and an integrated phosphate operation with annual capacity of approximately 1.85m tonnes of sulphuric acid, 700,000 tonnes of phosphoric acid, 850,000 tonnes of fertilizers, 60,000 tonnes of purified phosphoric acid, 120,000 tonnes of specialty fertilizers and 65,000 tonnes of specialty phosphates for the food and engineered materials markets, ICL said in a statement. ICL will appoint the JV's CEO, chief operating officer and a vice president for sales and marketing. Yunnan Yuntianhua will nominate, on the other hand, the JV's CFO and a vice president for human resources. ICL will lead the operations of the business and merge ICL's existing businesses in China into this entity, which will be fully integrated into the producer's global businesses. The JV will be transformed into a fully operating business unit, including product development, production and sales and marketing. The transaction is expected to close in first quarter of 2016, subject to closing conditions which include government approvals. The transaction will strengthen the cost competitiveness of ICL's phosphate operations with access to a low-cost phosphate rock operation with vast reserves, as well as with low-cost phosphoric acid. The company also said the JV will help it offer higher value added products such as specialty water soluble monoammonium phosphate (MAP), specialty phosphate salts for food and engineered materials, as well as formulations in the specialty non-agricultural market. Moreover, it will be able to expand bulk fertilizers production (GMAP, granular triple superphosphate [GTSP]) via debottlenecking and improving utilisation and processes. The partners will establish a joint phosphate research and development (R&D) platform in Kunming (in the Chinese province of Yunnan) which will focus on product development for the Asian markets, as well as on process technologies for the phosphate operations.

 

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