ICL Signs Contracts to Supply 750,000 Tonnes of Potash to its Customers in India

TEL AVIV, Israel, August 11, 2017 /PRNewswire/ --

ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced that it has signed several contracts to supply an aggregate 750,000 metric tonnes of potash, including options, to its customers in India. The contracts are for delivery between August 2017 and July 2018.

The quantities stipulated in this year's contracts are similar to the amounts sold by ICL to its Indian customers in 2016. Selling prices are $13 per tonne higher than the price stipulated in the previous year's contracts.

Mr. Ofer Lifshitz, President of ICL's Essential Minerals Division, stated: "We are pleased to have signed potash contracts with our Indian clients whom we have served for many years, and which illustrate our role as a leading player in this strategic market. The signing of these agreements demonstrates that demand for our potash products in India remains strong and stable. We appreciate the trust placed in us by our Indian customers."

About ICL  

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 shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs approximately 13,000 people worldwide, and its sales in 2016 totaled US$5.4 billion. For more information, visit the company's website at http://www.icl-group.com.

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SOURCE ICL