Locked content Morawiecki announces shuffling of PZU, Grupa Azoty

Minister of Finance and Development, Mateusz Morawiecki, stated that Poland’s largest chemical company, as well as its largest public insurer, will move from the Treasury to be placed under the supervision of the Ministry of Development, the Polish press reported on Friday morning. The minister also...

Locked content Grupa Azoty buys PLN 63 million worth of shares in new installation

The Chemical Works ‘Police’ Group (Zch ‘Police’) will welcome an investment from its parent company, Grupa Azoty, in order to help fund its PLN 700 million propylene production installation in Police, Poland, the Polish Press Agency reported on Tuesday afternoon. The propylene dehydrogenation plant ...

Locked content CBA investigates PKN Orlen, Lotos, KGHM, Azoty and PGZ

The Central Anti-Corruption Bureau (CBA) instituted control procedures at companies fully owned by the State Treasury and all its subsidiaries: fuel groups PKN Orlen, Lotos, copper group KGHM Polska Miedź, chemicals Azoty Group and Polish Armaments Group – PGZ, the bureau announced on its webs...

Locked content Grupa Azoty profit falls to PLN 44.4 mln in Q2

Polish chemical giant, Grupa Azoty recorded net profits of PLN 44.35 million in Q2 2016, whereas in the corresponding period last year, the results totaled PLN 126.62 million in Q2 2015. Consolidated sales revenue reached PLN 2.16 billion, compared with PLN 2.28 billion one year ago. The companyR...

Locked content PKP Cargo lands PLN 200 mln deal with Grupa Azoty

Railway freight transportation company PKP Cargo has secured a two-year contract with Poland’s largest chemical holding Grupa Azoty for the transport of over 4 million tons of fertilizers, chemicals and raw materials, the company informed in a statement. The estimated value of the agreement stands a...

Locked content PGNiG to supply Azoty with a natural gas for PLN 3.3 billion

State-owned natural gas group PGNiG has signed a framework agreement and some individual agreements for 4.5 billion cubic meters of natural gas provisions to Grupa Azoty chemicals, the two companies said in market filings. The estimated value of the agreement is PLN 3.3 billion. The framework deal w...

Locked content Azoty becomes main fertilizer supplier in the Czech Republic

Grupa Azoty Puławy and Grupa Azoty Kędzierzyn have signed a PLN 80 million contract with the Czech company Agro CS for the supply and distribution of RSM (liquid fertilizer) on the Czech Republic market. This agreement makes Azoty Puławy & Kędzierzyn the key suppliers of liquid urea-ammonium nit...

Locked content Azoty names new CEO

State-controlled chemical company Azoty has dismissed Adam Leszkiewicz and appointed Mateusz Gramza as the new CEO of the company, Azoty said in a market filing late on Wednesday. Besides the CEO, the supervisory board decided to replace two deputy-chairmen. Those posts are now held by Adam Gąsiorow...

Locked content Azoty to invest more than PLN 300 mln

Grupa Azoty ZAK SA will invest PLN 380 million this year, the company reported. Azoty will spend nearly half of the amount (PLN 170 million) on the construction of a new electric and heating plant which will be this year’s “flagship” project. Last year, the company spent PLN 263 mi...