YPH is co-established by two leading enterprises in chemical industry, namely, ICL and YTH. YPC, a subsidiary of YTH gave out all the properties and business of Haikou Mine and established the JV with ICL. Then the JV finished the acquisition of Three Circles and Tianchuang, and finally completed the composition of the JV: a Sino-foreign joint venture that integrates phosphate mining and beneficiation, fine phosphorus chemicals and the R&D, production and sales of specialty fertilizer.
As a world-leading comprehensive cooperation in chemical industry, ICL has advantages in terms of marketing, technology, management, R&D, etc., and its technical innovation and resource comprehensive utilization is among the top around the world. On the other hand, YTH is the largest phosphate mining and beneficiation enterprise in China, and the enterprise who reserves the most phosphate resources in Yunnan Province. Being a new win-win achievement of the cooperation between Yunnan and Israel, the JV between ICL and YTH is of great significance, and will leave a profound influence.
The establishment of the JV is strongly supported by CPC Yunnan Provincial Committee, People’s Government of Yunnan Province, and other related departments by providing the two partners efficient, pragmatic, and convenient services. The support from the authorities helped the JV to grow stronger and bigger. Additionally, the support from the authorities has also given a hand to the upgrade of phosphate industry in Yunnan Province. It has driven the whole industrial chain to a better and faster development.
Inauguration Ceremony of YPH
Li Jiheng (on the right) and Nir Gilad, President of ICL (on the left) unveiling the nameplate of the JV
Two parties signing the cooperation agreement