Icl Group Ltd. Stock Price, News & Analysis

ICL (NYSE: ICL) has received a gold medal rating from EcoVadis, placing it in the top 5% out of 75,000 companies evaluated. This recognition emphasizes ICL's commitment to sustainability across four key themes: environment, labor rights, ethics, and sustainable procurement. Nitzan Moshe, EVP of Global Operations, stated that the company aims to improve its sustainability practices continuously. ICL operates globally in specialty minerals, focusing on solutions for food, agriculture, and industrial markets, with 2020 revenues around $5.0 billion.

ICL, a global leader in specialty minerals, announced its first supply of clear brine fluids to the UAE from Israel, valued at $6 million. This move follows the Abraham Accords, which have fostered business relations between Israel, the UAE, and Bahrain. ICL anticipates a significant increase in sales of clear brine fluids in 2022, driven by rising drilling activity. The company reported approximately $5.0 billion in revenue for 2020 and employs over 12,000 people worldwide.

ICL (NYSE: ICL) has announced significant growth for its innovative product, Fibagro Advance, a sustainable alternative to peat, sourced from FSC-certified wood in the UK. This product enhances moisture retention and is recognized for its lower carbon footprint. Fibagro Advance's adoption has surged from 12% in 2020 to an expected 50% in 2022, reflecting its growing popularity among professional growers. The product scored 15 points higher in sustainability compared to traditional options, aligning with ICL's commitment to sustainability innovations.

ICL has received approval from the North York Moors Park Authority to continue production of polyhalite and salt at its Boulby Mine for an additional 25 years starting in 2023. This decision supports the company's role as the largest employer in East Cleveland and reinforces its position as the sole producer of polyhalite, a multi-nutrient organic fertilizer. In October, ICL marked a milestone by achieving over 80,000 tons of processed polyhalite production in a month, a record that indicates enhanced operational capabilities.

ICL (NYSE: ICL) has opened a new alternative-protein facility in St. Louis, specifically designed to meet the increasing demand for plant-based meat substitutes. This investment enhances ICL's global Food Specialties portfolio and aims to produce over 15 million pounds of product annually. The facility will transform plant protein into meat-like fibers, focusing on sustainability and innovation in the food industry. With over 75 years of experience, ICL is committed to delivering cleaner, allergen-free, and nutritious food options.

ICL (NYSE: ICL), a global leader in specialty minerals, announced that Raviv Zoller, the company's president and CEO, will present at Morgan Stanley’s Global Chemicals, Agriculture and Packaging Conference.

The presentation is scheduled for 10:15 a.m. ET on Thursday, November 11, 2021. A webcast of the event will be accessible on the ICL Investor Relations website, where a replay will also be provided following the live presentation.

ICL focuses on sustainable solutions for food, agriculture, and industrial markets, boasting approximately $5.0 billion in revenue for 2020.

ICL reported a record third quarter for 2021, with consolidated sales of $1,790 million, up 49% year-over-year. Operating income surged to $321 million, more than 220% increase, while net income reached $225 million, up 317%. The company's strong performance was driven by its specialty businesses and rising commodity prices, despite facing supply chain challenges. ICL raised its full-year adjusted EBITDA outlook to between $1,450 million and $1,500 million. A dividend of 8.37 cents per share was declared, significantly higher than last year's 2.30 cents.

REE Automotive Ltd. (NASDAQ: REE) has expanded its Board of Directors with the appointment of independent members Michal Brikman and Lilach Geva-Harel. This strategic move aims to deepen financial and governance expertise as the company progresses towards commercial production in 2023. Brikman and Geva-Harel bring extensive experience in public company operations, sustainability, and corporate governance. Additionally, the board announced the resignation of Ari Raved, who served for over seven years.

ICL (NYSE: ICL, TASE: ICL), a global specialty minerals company, announced plans to expand its commercial relationship with Haldor Topsoe to establish a long-term supply arrangement for potassium nitrate (NOP), essential for high-value crop fertilization. The partnership aims to incorporate Topsoe’s materials into ICL’s supply chain starting Q1 2022, while maintaining existing supplier relationships. Both companies emphasize sustainability, aiming to support customers' renewable energy transitions through advanced technologies.