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...

Azoty Police with record investment

ZCh Police, one of the companies included in  Azoty chemical group will develop a project valued at PLN 1.67 billion, the company informed. This is the largest investment of Grupa Azoty ever.

Locked content Azoty to be engaged in eco-incineration plant in Tarnów

An ecological waste incineration plant in Tarnów may be constructed on a plot owned by Grupa Azoty, the Polish Press Agency reported. According to Azoty’s spokesman Grzegorz Klik, the document does not predesignate the chemical group to make a financial contribution to the investment. Azoty ma...

Locked content Boryszew to sell one of its chemical businesses

Industrial group Boryszew is considering selling its plasticizers production segment, parkiet.com reported. Grupa Azoty is allegedly interested in the business. According to the daily, Azoty may be one of the bidders for the business which makes around PLN 80-100 million of revenue each year. Piotr ...

Locked content Azoty net profit plummeted in 2014

Poland’s largest chemical holding Grupa Azoty recorded a consolidated net profit of PLN 231.35 million in 2014, compared with PLN 676.95 million, the company announced in a statement. The company’s operating profit amounted to PLN 302.23 million, versus PLN 697.86 million in the previous year. Sales...

Locked content Azoty has beady eye on Africa

As Grupa Azoty and Grupa Lotos have postponed and actually abandoned their joint petrochemical project, Azoty has decided to focus on organic development and further expansion, the deputy CEO of the Puławy plant, Zenon Pokojski informed. Africa will be the market of the largest concern. “We ar...

Locked content Anwil and Azoty in one capital group?

Grupa Azoty, Poland’s largest chemical company and Anwil are to be consolidated in one capital group controlled by the state, according to anonymous sources cited by Dziennik Gazeta Prawna. The Ministry of the Treasury, which is to become the owner of the new group, Azoty and Orlen (Anwil̵...