TEL AVIV, Israel, June 7, 2016 /PRNewswire/ —
ICL (NYSE and TASE: ICL) today announced that its Industrial Products segment (“ICL IP”) has completed ramping up its compaction capabilities and is now producing a range of its sustainable polymeric flame retardant at full capacity (in excess of 12,000MT) at ICL IP’s plants located in Israel and the Netherlands.
The next-generation flame retardant, which is marketed by ICL IP under the brand name FR-122P, is a sustainable alternative for customers transitioning from hexabromocyclododecane (HBCD)-based flame retardants currently used by the building industry in extruded polystyrene (XPS) and expanded polystyrene (EPS) foam insulation products.
FR-122P is now available from both plants in three grades of top quality products – powder material, EPS compacted grade, and XPS compacted grade using ICL IP’s unique in-house compaction technology. ICL IP has received positive feedback on all three grades from its long-standing customers, and with its recently completed compaction capabilities, ICL IP is well-positioned to supply the XPS and EPS markets with their polymeric flame retardant needs.
FR-122P is manufactured by ICL IP using technology licensed from Dow Global Technologies LLC, a subsidiary of The Dow Chemical Company.
ICL is a global manufacturer of products based on specialty minerals that fulfill humanity’s essential needs primarily in three markets: agriculture, food and engineered materials. ICL is a public company whose shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). 46.2% of ICL’s equity is held by Israel Corp., 13.9% by Potash Corporation of Saskatchewan and the remainder by the public. The company employs approximately 13,000 people worldwide, and its sales in 2015 totaled US$5.4 billion. For more information, visit the company’s website at http://www.icl-group.com.
About ICL Industrial Products
ICL-IP manufactures and markets a broad range of industrial chemicals based on phosphorous, bromine, magnesium, chlorine and salts. ICL-IP’s products are life-saving components that reduce the mercury emissions of coal-burning power stations, enhance the safety of deep-water oil and gas drilling operations, and minimize the fire hazard associated with consumer electronics, automobiles, furniture, insulation, and other widely-used products. In addition, the pharmaceutical industry uses bromine as an intermediary in the manufacture of drugs for the treatment of cancer, epilepsy, heart disease and other life-threatening conditions. ICL-IP is one of the world’s largest phosphorous flame retardant providers and the industry’s leading bromine company. ICL-IP supplies approximately one third of the world’s elemental bromine. It employs approximately 2,500 employees in Israel and throughout the world.
INVESTOR RELATIONS CONTACT
Head of Investor Relations, ICL