Locked content Grupa Azoty with profit despite negative expectations

Poland’s largest chemical holding Grupa Azoty recorded a consolidated net profit of PLN 4.5 million in the third quarter of 2014. Analysts surveyed by the Polish Press Agency had expected a net loss of PLN 7 million. The company’s operating profit amounted to 1.2 million in Q3 compared to an expecte...

Locked content BGK co-finances Grupa Azoty CHP plant

Fertilizer producer Grupa Azoty Zakłady Azotowe Kędzierzyn (Grupa Azoty ZAK) has signed an agreement with state-owned lender Bank Gospodarstwa Krajowego (BGK) on a PLN 256 million term loan, the bank said in a statement on Wednesday. The financing is part of the Polish Investments program. The loan ...

Locked content PKP Cargo seals contract with Grupa Azoty

Railway freight transportation company PKP Cargo has secured a two-year contract with Poland’s largest chemical holding Grupa Azoty, the railway firm said in a statement on Tuesday. The new contract extends PKP Cargo’s services to further subsidiaries of Grupa Azoty. It will require the firm to oper...

Elements for success

Poland’s chemical industry is back on track for growth. It continues to improve its position globally with the help of strong investment and recent consolidation in the sector

Locked content Grupa Azoty with PLN 72.7 mln profit

Poland’s largest chemical producer Grupa Azoty  generated a consolidated net profit of PLN 72.7 million in Q2 2014, higher than the PLN 52.5 million expected by analysts surveyed by the Polish Press Agency. The holding’s operating profit amounted to PLN 103.5 million compared to analysts’ expectatio...

Locked content Azoty to borrow funds for acquisitions

Poland’s fertilizer producer Grupa Azoty will try to acquire loans for acquisitions abroad. The company believes it can finance its takeover projects with PLN 2 billion in debt. The amount is equal to half of annual EBITDA for Grupa Azoty. Azoty are currently the second largest fertilizer prod...

Locked content Brazilian firm to buy polyamides from Azoty

Brazilian Comexport and Grupa Azoty signed a trade framework agreement, in which the Brazilian company agrees to purchase polyamides from Azoty, wnp.pl reported. The polymer is produced in Tarnów, a plant with capacity to produce at a rate of 80 thousand tons per year. We want to expand to Brazil, o...