Israel Chemicals to double its global phosphate market share with Chinese joint venture

By James Sean Dickson
Published: Tuesday, 16 December 2014

The Israel-based fertiliser and chemicals producer continues to expand its international presence, as the prospect of tax changes at home remain.

Tel Aviv-based Israel Chemicals Ltd (ICL) announced today that it is to invest up to $500m in the establishment of a 50:50 joint venture (JV) phosphate business in China in addition to purchasing a 15% stake in Yunnan Yuntianhua Co. Ltd., Asia’s largest phosphate rock producer.

"Penetration into...

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