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Israel Chemicals signs deal with Vietnam firm to develop phosphate business

5:28 AM MDT | September 2, 2013 | Natasha Alperowicz

Israel Chemicals (ICL; Tel Aviv), a leading specialty minerals company, today announced the signing of a memorandum of understanding (MOU) with Duc Giang (Hanoi), a privately-owned Vietnamese company, to cooperate in building and expanding a phosphate operation in Vietnam to serve the country and the wider Southeast Asian market. The agreement calls for joint activities to mine phosphate and to establish factories to process phosphate in the Bao Thang province of Vietnam for a variety of uses in ICL's 3 core markets: food, agriculture and engineered...

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