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 Tuesday afternoon. The propylene dehydrogenation plant (PDH) will be the company’s largest project. The investment will help in obtaining debt capital, working capital and other forms of financing. Azoty Group is a major European producer of nitrogen and compound fertilizers, nylon and melamine. Propylene is an important chemical in the production of solvents and plastics. According to media sources, Azoty expects to increase its revenue by PLN 2 billion as a result of the new investment.