History
The company was established in 1930 by Moshe Novomeysky. It was known then as the Palestine Potash Company. From 1936, it was a profitable enterprise despite attempts by the German potash cartel to strangle the business by dumping potash at below-cost prices.
In the Israel War of Independence in 1948, the northern half of the production facilities was occupied by the Jordanian Legion, which destroyed the plant and looted the machinery.
In 1951, the company was nationalized by the Israeli government under the Ministry of Development. In 1953, it was renamed the Dead Sea Works.
Read more about this topic: Dead Sea Works
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