israelfm.com

Israel Corporation Limited (ICL) is an Israel-based investment holding company engaged in the initiation, promotion and development of businesses in Israel and abroad. ICL's activities, through its subsidiaries, are mainly in the chemicals, shipping, energy and advanced technology sectors. Israel Corporation Limited provides management services, an... d it is actively involved in the strategic planning and business development of its subsidiaries. ICL's main holdings are Israel Chemicals Ltd., Zim Integrated Shipping Services Ltd. and Tower Semiconductors Ltd. In February 2007, ICL, together with Petroleum Capital Holdings Ltd., acquired 46% of the issued share capital of Oil Refineries Ltd. in a public tender offer. Later on, it acquired an additional 4.1% on the Tel Aviv Stock Exchange. As of June 2008, ICL's subsidiary, Oil Refineries Ltd., acquired full control of Carmel Olefins Ltd. As of July 2008, ICL signed a contract to add a gas operated turbine for a power plant in Peru.Read More