IHS Chemical Week

Regions :: Middle East

Israel Chemicals reviewing bromine operations, to close magnesium plant

1:29 PM MDT | September 8, 2014 | Natasha Alperowicz

The board of directors of Israel Chemicals (ICL; Tel Aviv) has instructed the management of the Bromine Compounds Co. to develop and implement a plan to improve the profitability of this operation. Bromine compounds form part of ICL’s industrial products segment. The company announced earlier this month that it may discontinue manufacturing some products, including bromine compounds. The move follows continuing erosion in the profitability of bromine compounds on the back of declining demand for flame retardants, a drop in prices, the strengthening of the...

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