Icl Agreement

The Employment Security Agreement applies to most ICL employees. However, many people have a hard time getting a copy of the company – so we have a copy here. Noam Goldstein, president of ICL`s Potash division, said: “This is the first time we have signed a long-term agreement on the supply of potash in India, which is a strategic market for ICL. We consider our company to be the most profitable supplier to India, in particular because of our geographical proximity, which generates significant logistical benefits, including reduced transportation costs and reduced working time compared to our competitors. Our agreement with IPL enshrines ICL`s relationship with India`s largest potash importer, while consolidating our company`s market position in India. Fifteen months after the signing of the SUP, ICL and the unions have agreed on a second update agreement specifying how the consultation will end. This is important because it is even more obvious that the ICL should grant a 90-day consultation period, regardless of the number of redundancies in each facility, and point 4 also specifies when the 90-day consultation period is deemed to begin. TEL AVIV, Israel, May 18, 2020 /PRNewswire/ — ICL GROUP LTD (NYSE: ICL) (TASE: ICL), a world leader in specialty minerals and chemicals, announced today that it has signed a contract with Indian Potash Limited (IPL), India`s largest importer of potash, to supply a total of 410,000 tonnes of potash, with reciprocal options for an additional 30,000 tonnes to be delivered by December 2020. The sale price set in the contract is $50 per tonne lower than the previous contract and corresponds to current contract prices in India. The contract is part of the five-year supply contracts signed in 2018 between ICL and IPL. ICL (NYSE: ICL) (TASE: ICL), the world leader in specialty minerals and specialty chemicals, today announced that it has signed a five-year supply contract with Indian Potash Limited (“IPL”), India`s largest potash importer, for the first time.

Under the agreement, ICL is expected to supply 600,000 tonnes per year to IPL in 2019 and 2020 and reach 650,000 tonnes per year in 2021-23, including options. Prices for quantities to be delivered under the framework agreement are set in accordance with india`s market prices at the time of delivery. The long-term agreement was signed by the parties at a ceremony in New Delhi attended by Israel`s Ambassador to India, Dr. Ron Malka, Director General of the IPL, Dr. P.S. Gahlaut, Rekindle Zoller, CEO of ICL, and other leaders of ICL and IPL. Israel Chemicals (ICL) said on Thursday it had signed a five-year supply contract with Indian Potash Ltd (IPL), India`s largest importer of potash.

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