ICL Announces Major Expansion in China with New Food Specialty Plant Opening

ICL, a prominent global specialty minerals company, has announced the opening of a new food specialty plant in China, designed to foster partnerships with customers and create innovative food products tailored to Chinese consumers. Located in the bustling Zhangjiagang Free Trade Zone, near Greater Shanghai, the facility will focus on producing specialty solutions for the meat, poultry, and seafood sectors, including texturants and marinades.

This new plant will enable ICL to continue serving its established clientele while also pursuing growth opportunities with new customers. By providing customized solutions in taste, texture, and stability, ICL aims to deliver premium products that support its customers’ success in the competitive Chinese market. This initiative reflects ICL’s commitment to innovation and excellence, empowering its customers to achieve their growth objectives.

“We are excited about this expansion, as it allows us to gain direct insights from Chinese consumers regarding their preferences,” stated Rado Sporka, Vice President of ICL Food Specialties Commercial Business. “This facility brings us closer to end consumers and represents a significant step in ICL’s long-term commitment to enhancing global food security.”

In conjunction with the plant’s opening, ICL hosted over 30 top customers from the Chinese food industry to showcase its premium product portfolio and functional capabilities. The event also highlighted ICL’s robust research and development capabilities and its product application support network.

“We are pleased to join ICL Group for the opening of their new food specialty plant,” remarked San Ping Zhang, SVP at Yurun Group, one of China’s largest meat producers. “Our partnership, which began over 20 years ago, positions us well to strengthen our market presence as we offer high-quality, healthy, and premium products.”

About ICL

ICL Group is a leading global specialty minerals company focused on delivering impactful solutions for sustainability challenges in food, agriculture, and industrial markets. With a diverse portfolio of bromine, potash, and phosphate resources, ICL leverages its global workforce and sustainability-driven R&D capabilities to support growth across various sectors. The company is listed on both the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL) and employs over 12,000 people worldwide, generating approximately $7.5 billion in revenues in 2023.

For more information, visit ICL’s website or access ICL’s interactive CSR report at ICL Sustainability. Follow ICL on social media platforms like Facebook, LinkedIn, YouTube, Twitter, and Instagram.

About Yurun Group

China Yurun Food Group Co., Ltd. (Yurun Food 1068.HK) ranks among the largest meat product manufacturers in China. The company operates under multiple brands, including Yurun, Furun, Wangrun, and Popular Meat Packing, across two main segments: Chilled and Frozen Meat and Processed Meat Products. Headquartered in Nanjing, Jiangsu Province, Yurun Group has various production facilities for fresh, frozen, and deep-processed meat products throughout China.

Forward-Looking Statements

This announcement contains forward-looking statements, identifiable by terms such as “anticipate,” “believe,” “expect,” “should,” “plan,” and others. These statements are based on management’s beliefs and assumptions and are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied due to various factors, including economic conditions, supply chain disruptions, regulatory changes, and geopolitical instability. Readers are advised not to place undue reliance on these statements, which refer only to their date of issuance, and ICL does not undertake any obligation to update them in light of new information or developments.

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