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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

ICL signs deal with Vietnam firm for phosphate business

7:43 AM MDT | September 20, 2013 | —Natasha Alperowicz

Israel Chemicals Ltd. (ICL; Tel Aviv) has signed a memorandum of understanding (MOU) with Duc Giang (Hanoi), a privately owned 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 establish factories to process phosphate in Bao Thang Province, Vietnam, for a variety of uses in ICL’s three core customer markets: food, agriculture, and engineered materials. The MOU was signed in the presence of Vietnam’s...

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