Company continues to expand global presence in
battery materials space
ICL (NYSE: ICL) (TASE: ICL), a leading global
specialty minerals company, today announced it has signed a joint
venture (JV) agreement with Shenzhen Dynanonic Co., Ltd. to
establish lithium iron phosphate (LFP) cathode active material
(CAM) production in Europe, with an initial investment of
approximately €285 million. A new facility at ICL's Sallent, Spain,
site is currently in planning stages and will substantially expand
the company’s battery materials business. The project demonstrates
ICL’s commitment to developing high-quality solutions for a
sustainable supply chain and represents a significant step forward
for the company’s battery materials portfolio, this time into
Europe.
“This expansion builds on our strong, existing upstream position
in specialty phosphates globally and leverages the strengths of
Dynanonic, a leading producer of battery materials, to develop a
significant new market for growth,” said Phil Brown, president of
the Phosphate Solutions Division of ICL. “The time is right to make
this move, as LFP is a critical solution for the future of Europe’s
energy transition. ICL is excited about this potential investment
in Spain, and we are extremely enthusiastic about collaborating
with Dynanonic – a valued and long-term partner.”
“This JV aligns with Dynanonic and ICL’s goals and leverages
each of our strengths, as we seek to jointly benefit from the
development of the lithium-ion battery industry in Europe,” said
WangBao Ren, vice president of Dynanonic. “Establishing the project
in Spain expands our presence in the European market, while
ensuring proximity to customers, enhancing our competitiveness, and
supporting our vision of becoming a leading global provider of new
energy material solutions.”
“Automotive OEMs are increasing their usage of LFP to improve
the economic competitiveness of EVs,” said Isaac Chan, a partner in
Roland Berger’s automotive practice. “For example, in Europe the
LFP share of lithium-ion batteries will more than double to reach
35% by 2030.”
Preparation, engineering and permits for the JV site in Sallent,
Spain, where ICL previously operated a potash production site, are
expected to be followed by construction and subsequent operations.
ICL is pleased to repurpose this location and to revitalize the
roughly 25 acres of available land, as it takes leadership in
bringing mass production of LFP to the EU via Spain. The location
has an option for further expansion and is approximately 60 miles
from the Port of Barcelona, which is accessible by rail, and is
also in good proximity to planned LFP battery plants in Europe.
The JV agreement is subject to material conditions precedent,
final investment estimates and regulatory approvals. ICL's share in
the facility in Spain will be 80%, with the potential for
modifications, pending further investment opportunities.
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 Dynanonic
Shenzhen Dynanonic Co., Ltd. (stock code: 300769) has
world–leading capabilities in lithium-ion battery core materials
R&D and manufacturing, focuses on the R&D and production of
nano-lithium iron phosphate and sales, and is committed to
supplying core key raw materials for electric vehicles and energy
storage systems. Dynanonic develops cathode materials for batteries
using nanotechnology and has completely independent intellectual
property rights for its products and core technologies. The company
has more than 100 patents and has received more than 20
international and national certifications. Dynanonic adheres to the
business philosophy of promoting enterprise development by
continual technology innovation and product improvement and is also
committed to providing safer and more efficient green energy to the
world. The company strives to be a leader in Chinese lithium-ion
battery materials and, in 2023, Dynanonic produced 213,400 mt of
L(M)FP and achieved annual nameplate capacity of 455,000 mt at
year-end.
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 proposed
joint venture (JV), the JV agreement, including the expected terms
and conditions contained therein, timing for construction and
completion of the production facility, estimated capital
expenditures related to the production facility and intentions
regarding obtaining market leadership in the European market for
battery materials. 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, construction and additional costs
related to the establishment of the production facility, 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, global unrest and conflict,
governmental and regulatory requirements and actions by
governmental authorities from all relevant geographies, 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/20250116261144/en/
IR and Press Contact – Global Peggy Reilly Tharp VP,
Global Investor Relations +1-314-983-7665
Peggy.ReillyTharp@icl-group.com
IR and Press Contact - Israel Adi Bajayo ICL Spokesperson
+972-3-6844459 Adi.Bajayo@icl-group.com
Press Contact – Spain Lluis Rodriguez VP, External
Communications +34-609436053 Lluis.Rodriguez@icl-group.com
ICL (NYSE:ICL)
過去 株価チャート
から 12 2024 まで 1 2025
ICL (NYSE:ICL)
過去 株価チャート
から 1 2024 まで 1 2025
