ICL Industrial Products Announces The Opening Of Its Wholly Owned Subsidiary, Jiaxing ICL Chemical Co. Ltd.

Shanghai, China - In order to meet the demand of the rapid development of China and the Asian economy, ICL Industrial Products is opening a new subsidiary in China, Jiaxing ICL Chemical Co., Ltd.

Jiaxing ICL Chemical Co. Ltd is already involved the establishment of a comprehensive production base in Zhapu, Jiaxing to produce flame retardants and water treatment products. Among others, Jiaxing ICL Chemical will produce Fyrol PCF and Fyroflex BDP. In addition to these flame retardants, Jiaxing ICL Chemical will also produce BCDMH, a major water treatment biocide. When on stream, these efficient chemical additives will serve the growing demand of the electronics, housing and water treatment industries in China and Asia.

Fyrol PCF (Tris (2-chloroisopropyl) phosphate) and Fyrolflex BDP (Bisphenol-A bis (diphenyl phosphate)) are highly efficient phosphorus-based flame retardants; Fyrol PCF is used for flexible polyurethane foams in furniture and bedding, as well as for rigid polyurethane foams for construction applications. Fyrolflex BDP is used in engineering thermoplastic compounds, primarily polycarbonate/ABS blends, polyphenylene oxide/high impact polystyrene blends.

BCDMH is used as biocide for water treatment, mainly in swimming pools.

ICL-IP Industrial Products is one of ICL's (TASE: ICL) three operating segments. It produces bromine, magnesia and chlorine from Dead Sea brines, and manufactures and markets a range of compounds, including a large variety of flame retardants, bromides for industry, agriculture and water treatment products, as well as a range of magnesia products, phosphorous and chlorine-based products for numerous uses.

SOURCE: ICL - Israel Chemicals Ltd.