ICL Pioneers Sustainable Citrus Fruit Preservation with FruitMag
December 02 2022 - 4:10PM
Business Wire
Magnesia-based product provides a natural
solution for improved citrus quality
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty
minerals company, has announced the launch of FruitMag, a
sustainable and superior solution for post-harvest citrus fruit
treatment. This innovative offering is mineral-based and fungicide
free, unlike the products currently used by the global citrus fruit
industry. By using a food-grade magnesia product, ICL is able to
eliminate toxic materials and reduce product losses, while
increasing shelf life.
FruitMag was put through rigorous testing, through a
collaboration with the Volcani Institute (Agricultural Research
Organization ARO), the research arm of the Israeli Ministry of
Agriculture. Professor Samir Droby, a senior research scientist
leading the Department of Postharvest Science – and an expert in
the development and application of alternative methods for the
control of postharvest diseases – worked with ICL to validate the
performance of FruitMag.
“Very few consumers know the lemons, oranges and grapefruits
sitting in their kitchens have been treated with a toxic
fungicide,” said Yaniv Kabalek, president of Industrial Products
for ICL. “With FruitMag – one of a series of solutions designed by
ICL to address sustainability challenges – ICL has made it possible
to reduce product loss, with greater efficacy and in a more
sustainable manner.”
About ICL
ICL Group Ltd. 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 12,500 people
worldwide, and its 2021 revenues totaled approximately $7
billion.
For more information, visit ICL's website at
www.icl-group.com.
To access ICL's interactive ESG report, please click here.
You can also learn more about ICL on Facebook, LinkedIn and
Instagram.
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 company’s
intent, belief or current expectations. 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, 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, the potential for new COVID-19 variants, global
unrest and conflict, governmental and regulatory requirements and
actions by governmental authorities, including changes in
government policy, changes in environmental, tax and other laws or
regulations and the interpretation thereof. 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
February 23, 2022, 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/20221202005301/en/
Investor and Press Contact – Global Peggy Reilly Tharp
VP, Global Investor Relations +1-314-983-7665
Peggy.ReillyTharp@icl-group.com
Investor and Press Contact - Israel Adi Bajayo ICL
Spokesperson +972-3-6844459 Adi.Bajayo@icl-group.com
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