Israel Chemicals says partnerships only one option for growth

Thu Apr 25, 2013 8:43am EDT
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TEL AVIV, April 25 (Reuters) - Israel Chemicals (ICL) said partnerships with strong players such as Canada's Potash Corp are a welcome strategic alternative but they are only one option to ensure its continued growth and success.

"In the potash market, ICL is a medium size, low cost producer and by no means dependent on other players in the market," ICL said in reaction to a statement by Potash that it is abandoning efforts to take over ICL after running into opposition in Israel.

ICL said it is working on a detailed plan to develop its core markets - food, agriculture, materials and energy - "thereby significantly increasing its growth".