Company hosts top food industry customers for
innovation workshop and other events
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty
minerals company, today announced it has opened a new food
specialty plant in China, which was designed to help customers
easily partner with ICL to create novel and innovative food
offerings tailored to Chinese consumers’ palates. The facility will
manufacture specialty food solutions in the meat, poultry and
seafood segments, such as texturants and marinades, among other
offerings, and was built in the thriving Zhangjiagang Free Trade
Zone, which is located in the heart of the Greater Shanghai
area.
ICL will leverage the new facility to continue serving its
established customer base in China, while actively pursuing growth
opportunities with new customers. By providing superior and
customized taste, texture and stability solutions, the company will
be able to offer a premium product to help its customers succeed in
the Chinese market. ICL’s commitment to innovation and excellence
is part of a strategic initiative designed to empower its customers
in China to meet their growth objectives.
“This expansion will give us the opportunity to learn directly
from Chinese consumers about what is important to them and allow us
to leverage this knowledge to develop new products and solutions
for the market in China,” said Rado Sporka, vice president of ICL
Food Specialties Commercial Business. “Not only does this new
facility bring us one step closer to the end consumer, it is also
another step forward in ICL’s long-term commitment to contribute to
food security around the world.”
As part of a series of groundbreaking events, ICL hosted more
than 30 of its top customers from the Chinese food industry for an
overview of its portfolio of premium products and their functional
properties. The company also provided details on its robust R&D
capabilities and product application support network.
“We were delighted to join ICL Group at the opening of their new
food specialty plant and look forward to continuing to partner with
them – a relationship that began more than 20 years ago – as they
further expand in China,” said San Ping Zhang, SVP at Yurun Group,
one of the largest meat producers in China. “Their experience in
the premium food ingredients market makes them the obvious choice,
as we look to further strengthen the market position and image of
our brands as healthy, high-quality, delicious and high-end.”
About ICL
ICL Group is a leading global specialty minerals company, which
creates impactful solutions for humanity's sustainability
challenges in the food, agriculture and industrial markets. ICL
leverages its unique bromine, potash and phosphate resources, its
global professional workforce, and its sustainability focused
R&D and technological innovation capabilities, to drive the
company's growth across its end markets. ICL shares are dual listed
on the New York Stock Exchange and the Tel Aviv Stock Exchange
(NYSE and TASE: ICL). The company employs more than 12,000 people
worldwide, and its 2023 revenues totaled approximately $7.5
billion.
For more information, visit ICL's website at icl-group.com. To
access ICL's interactive CSR report, visit
icl-group-sustainability.com. You can also learn more about ICL on
Facebook, LinkedIn, YouTube, X and Instagram.
About Yurun Group
China Yurun Food Group Co., Ltd. (Yurun Food 1068.HK) is one of
the largest meat product manufacturers in China. The company sells
products under the brands of Yurun, Furun, Wangrun and Popular Meat
Packing and operates two business segments. The Chilled and Frozen
Meat segment is engaged in the slaughtering, production and sales
of chilled and frozen meat. The Processed Meat Products segment is
engaged in the manufacture and distribution of processed meat
products. The group is headquartered in Nanjing, Jiangsu Province,
China, with multiple production bases for fresh and frozen meat and
for deep-processed meat products across China.
Forward Looking Statements
This announcement contains statements that constitute
forward‑looking statements, many of which can be identified by the
use of forward‑looking words such as “anticipate,” “believe,”
“could,” “expect,” “should,” “plan,” “intend,” “estimate” and
“potential,” among others.
Forward-looking statements appear in this press release and
include, but are not limited to, statements regarding the company’s
intent, belief or current expectations. Forward-looking statements
are based on management’s beliefs and assumptions and on
information currently available to management. Such statements are
subject to risks and uncertainties, and actual results may differ
materially from those expressed or implied in the forward-looking
statements due to various factors, including, but not limited to:
estimates, forecasts and statements as to management's expectations
with respect to, among other things, business and financial
prospects, financial multiples and accretion estimates, future
trends, plans, strategies, positioning, objectives and
expectations, general economic, market and business conditions,
supply chain and logistics disruptions, energy storage and electric
vehicle growth, the potential for new COVID-19 variants, global
unrest and conflict, governmental and regulatory requirements and
actions by governmental authorities, including changes in
government policy, changes in environmental, tax and other laws or
regulations and the interpretation thereof, and war or acts of
terror and/or political, economic and military instability in
Israel and its region, including the current state of war declared
in Israel and any resulting disruptions to our supply and
production chains. As a result of the foregoing, readers should not
place undue reliance on the forward‐looking statements contained in
this press release concerning the timing of the transaction, or
other more specific risks and uncertainties facing ICL, such as
those set forth in the “Risk Factors” section of its Annual Report
on Form 20-F filed on March 14, 2024, as such risk factors may be
updated from time to time in its Current Reports on Form 6-K and
other filings ICL makes with the U.S. Securities and Exchange
Commission from time to time.
Forward-looking statements refer only to the date they are made,
and the company does not undertake any obligation to update them in
light of new information or future developments or to publicly
release any revisions to these statements in order to reflect later
events or circumstances or to reflect the occurrence of
unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20240924424714/en/
Investor and Press Contact – Global Peggy Reilly Tharp
VP, Global Investor Relations +1-314-983-7665
Peggy.ReillyTharp@icl-group.com
Investor and Press Contact - Israel Adi Bajayo ICL
Spokesperson +972-3-6844459 Adi.Bajayo@icl-group.com
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