Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Israel Chemicals, Zuari form India joint venture
BackBack

Israel Chemicals, Zuari form India joint venture

Israel Chemicals, Zuari form India joint venture

Premium

By Reuters

Jerusalem: Israel Chemicals Ltd said on 31 July it had formed a joint venture with Zuari Industries to set up and operate a soluble fertiliser production plant in India.

ICL, a maker of fertilisers and specialty chemicals, said in a statement it will distribute water soluble fertilisers throughout India with Zuari and establish a fertiliser plant with an initial capacity of 10,000 tonne per year.

Zuari, a producer and distributor of fertilisers and agricultural products, is a member of Indian conglomerate KK Birla Group.

“The rapid growth of agriculture in India, together with the local market’s increasing use of intensive agricultural methods, represents an exciting opportunity for ICL Fertilisers," Yossi Zidon, senior vice-president of ICL said in a statement.

In 2006, Zuari bought about 235 thousand tonne of potash from ICL.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 31 Jul 2007, 04:08 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App