ICL to Increase Its Bromine Compounds Capacity Following Strategic Agreements Signed With Customers in Asia
ICL Group Ltd. Ordinary Shares (ICL)
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Source: PR Newswire
TEL-AVIV, Israel, Sept. 10, 2019 /PRNewswire/ -- ICL (NYSE: ICL & TASE: ICL), a leading global specialty minerals and specialty chemicals company, today announced that its ICL Industrial Products division ("ICL-IP"), the world's largest producer of bromine and bromine based products, is increasing its bromine compounds capacity after entering into several strategic agreements with customers in Asia, for ICL–IP's elemental bromine and bromine compounds products.ICL-IP will increase its production capacity of TBBA, a bromine compound used primarily in the manufacture of printed circuit boards for the electronics industry, at its bromine compounds plant near the Dead Sea in Israel, by up to 25,000 metric tonnes annually. It also intends to increase by 50% its production capacity of FR1025, an environmentally-friendly polymeric flame retardant used in the automotive industry, and to enlarge its isotank fleet by around 10%. The company will invest approximately $50 million for these capaci
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