ICL GROUP LTD (NYSE: ICL) & (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced that it has signed several contracts with its customers in China to supply an aggregate 910,000 metric tons of potash, with mutual options for additional 490,000 metric tons, by the end of 2020. The selling prices stipulated in the contracts are $70 per ton below the previous contracts and are in line with the recent contract prices in China. The contracts are part of the three-year framework agreements signed in 2018 between ICL GROUP LTD and its Chinese customers.
Before discussing ICL's highlights for the first quarter, on Slide 3, I would like to take a moment to acknowledge ICL's employees global for their perseverance in light of the challenging conditions brought about by the COVID-19 pandemic that has affected us all personally and professionally. ICL responded swiftly to make sure measures were in place to ensure the health and safety of our employees, and are very grateful for the efforts and commitment our team has put forth in order to maintain continuity of our business globally with zero disruptions to our customers.
ICL GROUP LTD (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today that it has signed a contract with Indian Potash Limited (IPL), India's largest importer of potash, to supply an aggregate 410,000 metric tons of potash, with mutual options for an additional 30,000 metric tons, to be supplied through December 2020. The selling price stipulated in the contract is $50 per tonne below the previous contract and are in line with the recent contract prices in India. The contract is part of the five-year supply agreements signed in 2018 between ICL and IPL.
Shares of Israel Chemicals Ltd. (NYSE:ICL) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 58.33% over the past year to $0.05, which were in line with the estimate of $0.05.Revenue of $1,319,000,000 lower by 6.78% from the same period last year, which beat the estimate of $1,270,000,000.Looking Ahead ICL Group hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 12, 2020View more earnings on ICLTime: 09:01 PM ETWebcast URL: https://icl-meet.webex.com/mw3300/mywebex/default.do?nomenu=true&siteurl=icl-meet&service=6&rnd=0.22643080490601608&main_url=https%3A%2F%2Ficl-meet.webex.com%2Fec3300%2Feventcenter%2Fevent%2FeventAction.do%3FtheAction%3Ddetail%26%26%26EMK%3D4832534b0000000409c41cf25e72c36d2c6f28236d62faa1257a3287f82cef7f813471bc82551be5%26siteurl%3Dicl-meet%26confViewID%3D159302866411986600%26encryptTicket%3DSDJTSwAAAASCc9NYj0eufuYdBFxTvSfg8jBHNX0E-dyDMSWNn9u4KQ2%26Recent Stock Performance 52-week high: $5.5252-week low: $2.68Price action over last quarter: down 14.36%Company Description ICL Group Ltd is a manufacturer of products based on minerals. The firm is focused primarily on three markets namely agriculture, food, and engineered materials. The company mines and manufactures potash and phosphates used as ingredients in fertilizers and serves as a component in the pharmaceutical and food additives industries. It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, and specialty phosphate blends, purified phosphoric acid, and electronic-grade specialty phosphoric acids.See more from Benzinga * Recap: SPX FLOW Q1 Earnings * Recap: Allot Q1 Earnings * Recap: DarioHealth Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
An agricultural technology company with N.C. State ties has been acquired by an Israeli chemical giant.
ICL (NYSE: ICL) & (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today that it is considering a potential offering of additional debentures from the Company's existing Series G Debentures, to the public in Israel only. The Company intends to use the net proceeds from such offering, if executed, to partially repay amounts outstanding under its Revolving Credit Facility Agreement, dated March 23, 2015, as amended on October 29, 2018, by and among certain financial institutions, ICL Finance B.V., and the Company, and for general corporate purposes.
Agriculture dividend stocks are equities of companies engaged in some aspect of agribusiness and which pay out regular dividends. Agribusiness includes: farmers that raise animals and harvest fruits and vegetables, farm equipment manufacturers, processing plants that clean and package livestock for shipping, and chemical producers that develop crop fertilizers.
ICL Group LTD (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today it completed the successful global commercial launch of HALOX® SCRATCH-X™, an innovative mineral based anti-scratch additive that improves scratch resistance and durability and extends the life of industrial wood coatings that are used in cabinetry and furniture. The product was developed by the company's Paints & Coatings' scientists after extensive research and coordinated marketing efforts.
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, today reported its financial results for the first quarter ended March 31, 2020.
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today its decision to postpone its analyst and investor events on March 18, 19 and 22 in London, New York and Tel Aviv, respectively, out of caution for the health and safety of all participants. ICL intends to reschedule the events for later dates and an official announcement will be distributed.
ICL (NYSE &TASE;: ICL), (the "Company"), a leading global specialty minerals and specialty chemicals company, announces that today it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 (the "2019 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2019 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov or the Company's website at www.icl-group.com. In addition, shareholders may receive a hard copy of the Company's complete audited financial statements free of charge, by requesting a copy from:
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
The outbreak of the COVID-19 virus in China and its worldwide spread has caused significant volatility and uncertainty in global markets. Accordingly, there has been a decline in global economic activity, and there is concern that economic activity will continue to moderate in light of the prevention measures being taken by the various governments around the world. Given these conditions, ICL (NYSE: ICL) (TASE: ICL), (the Company) has taken actions to maintain the health of its employees, suppliers, business partners and the communities in which it operates as well as to continue the proper and regular functioning of its facilities around the world to minimize the potential impact on its business. Specifically:
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, will announce its first quarter 2020 financial results on Tuesday, May 12, 2020, prior to the TASE market open.
Israel's ICL Group said on Monday it signed a contract with Indian Potash Limited (IPL), India’s largest importer of potash, to supply 410,000 metric tonnes of potash through December 2020. ICL, the world’s sixth-largest producer of potash with exclusive rights in Israel to extract minerals from the Dead Sea, said there was a mutual option for an additional 30,000 metric tonnes.
ICL Group LTD (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today it has concluded the public tender for the increase of its existing Series G Debentures offering in Israel. Following the results of the public tender in Israel, the Company shall issue in the offering an aggregate principal amount of approximately NIS 386 million (about $110 million) Series G Debentures, at a price of NIS 965 (about $276) per each unit of 1,000 Series G Debentures and for total gross proceeds of approximately NIS 373 million (about $107 million). The Series G Debentures will be listed for trading on the Tel Aviv Stock Exchange. Following completion of the offering, an aggregate principal amount of NIS 766 million (about $219 million) Series G Debentures will be issued and outstanding.
ICL Group LTD (NYSE & TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today that it held a tender for early commitments from classified investors in contemplation of a potential offering to the public in Israel of Series G Debentures and their listing on the Tel Aviv Stock Exchange (TASE). Subject to the completion of the contemplated offering, the Company has accepted early commitments from classified investors for the purchase of an aggregate principal amount of NIS 390 million Series G Debentures, out of orders for an aggregate principal amount of approximately NIS 580 million Series G Debentures received in the tender, at a price of not less than NIS 965 per each unit of 1,000 Series G Debenture and for aggregate gross proceeds of NIS about 375 million. The minimum price per Series G Debenture in the institutional tender shall constitute the minimum price per Series G Debenture in the public tender, in so far as such as an offering shall be executed, and the final price per Series G Debenture shall be determined in the public tender, if executed.
India on Wednesday cut subsidies for potash-based fertiliser by 9% to the lowest in a decade, as the world's leading importer of the crop nutrient tries to contain a fiscal deficit. The reduction in government support amid a slide in the rupee currency could lead to higher retail prices for farmers and potentially dent consumption and imports. India has fixed the potash subsidy at 10.116 rupees per kg for the 2020-21 fiscal year started on April 1, down from 11.124 rupees the year before, a government statement said.
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today it will participate at upcoming conferences:
Israel Corporation Ltd. (TASE: ILCO) ("IC") announced today its fourth quarter results for the period ending December 31, 2019.