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