Locked content ZA Puławy to buy natural gas from RWE

Grupa Azoty Zakłady Azotowe Puławy (ZA Puławy) signed a contract with RWE Supply & Trading for a supply of methane-rich natural gas starting on October 1 and ending on September 30, 2016, ISBnews reported. The estimated value of the deal stands at PLN 170 million. ZA Puławy’s annual demand...

Locked content Azoty joins British Chatham House as first CEE firm

Poland’s largest chemical producer Grupa Azoty has joined London-based think tank Chatham House, as the first Central East European firm among the other 300 members, a company press release read. The membership in the organization will allow Azoty to “establish new business ties and incr...

Locked content PGNiG to deliver gas to ZCh Police for PLN 160 mln

WSE-listed Grupa Azoty ZCh Police has signed a deal with a subsidiary of PGNiG regarding gas supplies valued at some PLN 160 million, the company informed. The contract states the sale of fuel in the period between October 1, 2015 to September 30, 2016. Throughout the last 12 months the total value ...

Locked content Grupa Azoty profit at PLN 126.6 mln

Poland’s largest chemical producer Grupa Azoty  generated a consolidated net profit of PLN 126.6 million in Q2 2015, versus PLN 75.57 million in Q2 2014. The holding’s operating profit amounted to PLN 172.25 million compared with PLN 108.94 million in Q2 2014. Consolidated revenue came in at PLN 2.2...

Locked content KGHM, PGE and Azoty want to rescue Polish mining

Three of Poland’s blue-chip firms, copper miner KGHM Polska Miedź, power company PGE, and chemicals producer Grupa Azoty, have approached Polish Investments for Development (Polskie Inwestycje Rozwojowe) offering money and assets to repurchase Polish mines, Reuters reported. According to the a...

Locked content BGK to finance construction of Puławy powerhouse

State-owned lender Bank Gospodarstwa Krajowego (BGK) and state-controlled Grupa Azoty have signed an agreement to finance the construction of a power plant in Puławy, the lender announced. “The construction of the power plant will be the 56th project financed by BGK under the Inwestycje Polski...

Locked content Grupa Azoty will not pay out dividends

Shareholders at Poland’s largest chemical and fertilizer company Grupa Azoty decided on Friday to not to pay out a dividend on its 2014 net profit amounting to PLN 214.6 million but earmark it for supplementary capital. In late May, the European Investment Bank (EIB) and the European Bank for Recons...

Azoty Puławy plans huge investments

Grupa Azoty Zakłady Azotowe Puławy is going to spend PLN 2.2 billion on three investment projects at Puławy plant which will be completed by 2021, the ISBnews agency reported on Friday.

Locked content Azoty doubles net profits in Q1, above consensus

Poland’s largest chemicals producer, Grupa Azoty, doubled its net profits in the first quarter and beat market consensus as mild winter boosted fertilizer sales while lower gas tariffs translated into higher margins, the company said on Wednesday. The state-controlled group closed its best qua...

Locked content Azoty interested in Cinkarna Celje

Grupa Azoty is interested in purchasing 73 percent of shares in Slovenian Cinkarna Cejle, according to the economic web portal SEEbiz. Potential buyers are to make bidding offers by mid-April. Besides Azoty, Austrian Treibacher Industrie and American The Gires Group are among the interested entities...