ICL has announced that its SpecialtyFertilizers (ICL SF) business line, which, until recently, operated under the company’s Specialty Solutions division, has become a part of the company’s Essential Minerals division.
ICL Specialty Fertilizers’ placement in the Essential Minerals division is part of management’s efforts to align its business and operations into two divisions - Essential Minerals, with a focus on Agro markets, and Specialty Solutions, which serves as the company’s Industrial division. Operating ICL SF under Essential Minerals is expected to create synergies given the businesses and customer bases of ICL SF and the other business lines that are part of the Agro division.
The move extends the division’s portfolio to include a broad range of commodity, specialty and semi-specialty products, such as ICL Fertilizers’ Polysulphate product, an environmentally-friendly fertilizer suitable for organic farming systems.
Click here for the pro-forma financial statements of the company’s Essential Minerals and Specialty Solutions divisions with ICL Specialty Fertilizers included in the Essential Minerals division for the years ended 31 December 2014, 2015 and 2016, as well as for the three month periods ended 31 March 2015, through 31 December 2016.
Read the article online at: https://www.worldfertilizer.com/nitrogen/05052017/icl-adjusts-organisational-structure/