ICL Makes Significant Expansion in China, with Opening of New Food Specialty Plant
ICL, a global specialty minerals company, has opened a new food specialty plant in China to enhance its ability to create innovative food solutions tailored to Chinese consumers. The facility, located in the Zhangjiagang Free Trade Zone near Shanghai, will manufacture specialty food solutions for meat, poultry, and seafood segments, including texturants and marinades.
The expansion aims to serve ICL's existing customer base while pursuing growth opportunities with new clients. By offering customized taste, texture, and stability solutions, ICL seeks to provide premium products to help customers succeed in the Chinese market. The company hosted over 30 top Chinese food industry customers for an overview of its product portfolio and R&D capabilities.
Rado Sporka, VP of ICL Food Specialties Commercial Business, emphasized the importance of learning directly from Chinese consumers to develop new products. The expansion aligns with ICL's strategic initiative to empower customers in China and contribute to global food security.
ICL, un'azienda globale di minerali specializzati, ha aperto un nuovo impianto di specialità alimentari in Cina per migliorare la propria capacità di creare soluzioni alimentari innovative su misura per i consumatori cinesi. Strutturato nella Zona di Libero Scambio di Zhangjiagang vicino a Shanghai, l'impianto produrrà soluzioni alimentari speciali per il settore della carne, del pollame e dei frutti di mare, comprese texturanti e marinate.
L'espansione mira a servire la base clienti esistente di ICL, mentre si cercano opportunità di crescita con nuovi clienti. Offrendo soluzioni personalizzate per gusto, consistenza e stabilità, ICL intende fornire prodotti di alta qualità per aiutare i propri clienti a avere successo nel mercato cinese. L'azienda ha ospitato oltre 30 clienti di alto livello dell'industria alimentare cinese per una panoramica del proprio portafoglio prodotti e delle capacità di ricerca e sviluppo.
Rado Sporka, VP di ICL Food Specialties Commercial Business, ha enfatizzato l'importanza di apprendere direttamente dai consumatori cinesi per sviluppare nuovi prodotti. L'espansione si allinea con l'iniziativa strategica di ICL di potenziare i clienti in Cina e contribuire alla sicurezza alimentare globale.
ICL, una empresa global de minerales especiales, ha abierto una nueva planta de especialidades alimentarias en China para mejorar su capacidad de crear soluciones alimentarias innovadoras adaptadas a los consumidores chinos. La instalación, ubicada en la Zona de Libre Comercio de Zhangjiagang cerca de Shanghái, fabricará soluciones alimentarias especiales para los segmentos de carne, aves y mariscos, incluidos texturizantes y adobos.
La expansión tiene como objetivo servir a la base de clientes existente de ICL mientras se buscan oportunidades de crecimiento con nuevos clientes. Al ofrecer soluciones personalizadas de sabor, textura y estabilidad, ICL busca proporcionar productos de primera calidad para ayudar a los clientes a tener éxito en el mercado chino. La empresa organizó un evento con más de 30 clientes destacados de la industria alimentaria china para ofrecerles una visión general de su cartera de productos y de sus capacidades de I+D.
Rado Sporka, VP de ICL Food Specialties Commercial Business, destacó la importancia de aprender directamente de los consumidores chinos para desarrollar nuevos productos. La expansión se alinea con la iniciativa estratégica de ICL para empoderar a los clientes en China y contribuir a la seguridad alimentaria global.
ICL은 글로벌 특수 미네랄 회사로서, 중국에 새로운 식품 특수 공장을 열었습니다 이는 중국 소비자에 맞춘 혁신적인 식품 솔루션을 개발할 수 있는 능력을 강화하기 위함입니다. 상하이 근처 장자강 자유무역지역에 위치한 이 시설은 육류, 가금류 및 해산물 부문에 대한 특수 식품 솔루션, 텍스처와 마리네이드 등을 제조할 것입니다.
확장은 ICL의 기존 고객 기반에 서비스를 제공하는 동시에 새로운 고객과의 성장 기회를 추구하는 것을 목표로 하고 있습니다. 맞춤형 맛, 질감 및 안정성 솔루션을 제공함으로써, ICL은 고객들이 중국 시장에서 성공할 수 있도록 돕기 위한 프리미엄 제품을 제공하고자 합니다. 이 회사는 30명 이상의 중국 식품 산업 주요 고객을 초대하여 제품 포트폴리오 및 연구 개발 능력에 대한 개요를 제공했습니다.
ICL 식품 특수상업 비즈니스의 부사장인 Rado Sporka는 새로운 제품 개발을 위해 중국 소비자로부터 직접 배우는 것의 중요성을 강조했습니다. 이번 확장은 중국 고객을 지원하고 글로벌 식량 안보에 기여하기 위한 ICL의 전략적 이니셔티브와 일치합니다.
ICL, une entreprise mondiale de minéraux spéciaux, a ouvert une nouvelle usine de spécialités alimentaires en Chine afin d'améliorer sa capacité à créer des solutions alimentaires innovantes adaptées aux consommateurs chinois. L'installation, située dans la Zone de libre-échange de Zhangjiagang près de Shanghai, fabriquera des solutions alimentaires spéciales pour les segments de la viande, de la volaille et des fruits de mer, y compris des texturants et des marinades.
Cette expansion vise à servir la base de clients existante d'ICL tout en poursuivant des opportunités de croissance avec de nouveaux clients. En proposant des solutions personnalisées de goût, de texture et de stabilité, ICL cherche à fournir des produits de qualité supérieure pour aider ses clients à réussir sur le marché chinois. L'entreprise a reçu plus de 30 clients de premier plan de l'industrie alimentaire chinoise pour leur donner un aperçu de son portefeuille de produits et de ses capacités de R&D.
Rado Sporka, vice-président d'ICL Food Specialties Commercial Business, a souligné l'importance d'apprendre directement des consommateurs chinois pour développer de nouveaux produits. L'expansion s'inscrit dans l'initiative stratégique d'ICL pour autonomiser les clients en Chine et contribuer à la sécurité alimentaire mondiale.
ICL, ein globales Unternehmen für Spezialmineralien, hat ein neues Werk für Lebensmittelzusatzstoffe in China eröffnet, um seine Fähigkeit zu verbessern, innovative Lebensmittel-Lösungen zu entwickeln, die auf die Bedürfnisse chinesischer Verbraucher abgestimmt sind. Die Anlage, die sich in der Zhangjiagang Freihandelszone nahe Shanghai befindet, wird spezialisierte Lebensmittel-Lösungen für die Segmente Fleisch, Geflügel und Meeresfrüchte, einschließlich Texturierer und Marinaden, herstellen.
Die Expansion zielt darauf ab, die bestehende Kundenbasis von ICL zu bedienen, während gleichzeitig Wachstumsmöglichkeiten mit neuen Kunden verfolgt werden. Durch die Angebotserziehung von maßgeschneiderten Geschmack-, Textur- und Stabilitätslösungen möchte ICL hochwertige Produkte bereitstellen, um den Kunden im chinesischen Markt zum Erfolg zu verhelfen. Das Unternehmen empfing über 30 führende Kunden aus der chinesischen Lebensmittelindustrie, um ihnen einen Überblick über sein Produktportfolio und seine F&E-Kapazitäten zu geben.
Rado Sporka, VP des ICL Food Specialties Commercial Business, betonte die Bedeutung des direkten Lernens von chinesischen Verbrauchern zur Entwicklung neuer Produkte. Die Expansion entspricht ICLs strategischer Initiative, die Kunden in China zu stärken und zur globalen Ernährungssicherheit beizutragen.
- Opening of a new food specialty plant in China, expanding ICL's presence in a key market
- Strategic location in the Zhangjiagang Free Trade Zone near Shanghai
- Ability to offer customized taste, texture, and stability solutions for the Chinese market
- Hosting of top food industry customers, showcasing ICL's product portfolio and R&D capabilities
- Long-term commitment to contribute to food security globally
- None.
Insights
The opening of ICL's new food specialty plant in China represents a significant strategic expansion into one of the world's largest and fastest-growing consumer markets. This move positions ICL to capitalize on the increasing demand for specialized food ingredients in China, particularly in the meat, poultry and seafood segments.
Key points to consider:
- Location in the Zhangjiagang Free Trade Zone provides logistical and economic advantages
- Focus on tailored solutions for Chinese consumers' preferences indicates a strong localization strategy
- Collaboration with major Chinese food producers like Yurun Group suggests potential for rapid market penetration
- Emphasis on R&D and customer engagement demonstrates a long-term commitment to the Chinese market
While the immediate financial impact may be , this expansion could drive substantial long-term growth for ICL's food specialties division in Asia. Investors should monitor the plant's ramp-up and its contribution to regional sales in upcoming quarterly reports.
ICL's expansion in China with this new food specialty plant is a strategically sound move that could significantly impact the company's future revenue streams. Here's why this development is financially noteworthy:
- Diversification of revenue sources in a high-growth market
- Potential for higher margins through specialized, premium products
- Reduced transportation costs and tariffs by manufacturing locally
- Enhanced ability to respond quickly to market trends and customer demands
While the initial capital expenditure for the plant isn't disclosed, the long-term benefits could be substantial. Investors should look for:
- Increased revenue contribution from the Asia-Pacific region in future earnings reports
- Improved gross margins in the food specialties segment
- Potential for new partnership announcements with major Chinese food manufacturers
This expansion aligns well with ICL's strategy to grow its specialty solutions business, which typically offers higher margins compared to its commodity-based segments.
Company hosts top food industry customers for innovation workshop and other events
ICL will leverage the new facility to continue serving its established customer base in
“This expansion will give us the opportunity to learn directly from Chinese consumers about what is important to them and allow us to leverage this knowledge to develop new products and solutions for the market in China,” said Rado Sporka, vice president of ICL Food Specialties Commercial Business. “Not only does this new facility bring us one step closer to the end consumer, it is also another step forward in ICL’s long-term commitment to contribute to food security around the world.”
As part of a series of groundbreaking events, ICL hosted more than 30 of its top customers from the Chinese food industry for an overview of its portfolio of premium products and their functional properties. The company also provided details on its robust R&D capabilities and product application support network.
“We were delighted to join ICL Group at the opening of their new food specialty plant and look forward to continuing to partner with them – a relationship that began more than 20 years ago – as they further expand in China,” said San Ping Zhang, SVP at Yurun Group, one of the largest meat producers in
About ICL
ICL Group 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 12,000 people worldwide, and its 2023 revenues totaled approximately
For more information, visit ICL's website at icl-group.com.
To access ICL's interactive CSR report, visit icl-group-sustainability.com.
You can also learn more about ICL on Facebook, LinkedIn, YouTube, X and Instagram.
About Yurun Group
China Yurun Food Group Co., Ltd. (Yurun Food 1068.HK) is one of the largest meat product manufacturers in
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, and war or acts of terror and/or political, economic and military instability in
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240924424714/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 -
Adi Bajayo
ICL Spokesperson
+972-3-6844459
Adi.Bajayo@icl-group.com
Source: ICL Group LTD
FAQ
What new facility has ICL opened in China?
What products will ICL manufacture at its new Chinese plant?
How does ICL plan to use this new facility to grow in China?
What event did ICL host for its Chinese customers?
