Grupa Azoty announces PLN 460 million projects

Poland’s largest chemical holding Grupa Azoty plans to spend about PLN 460 million on two production installations, the company said in a press release on Tuesday.

 

Grupa Azoty has earmarked PLN 320 million for the construction of a polyamide production unit, with a capacity of 80,000 metric tons annually. The investment will be financed from the firm’s own funds and a bank loan.

 

The second project will be carried out in the fertilizer segment and will involve the construction of an installation for mechanical granulation. The project will also be financed from both own fund and a loan. It’s total value is seen at PLN 141 million.