In Q1 2020, the Grupa Azoty Group reported consolidated revenue of PLN 3,104m, down 7.8 % on Q1 2019, which was a record-breaking period in the Group’s history. EBITDA and the EBITDA margin were PLN 476m and 15.3% as a result of a drop in average selling prices of products and low prices of gas.
In 2019, the Grupa Azoty Group posted consolidated revenue of PLN 11.3bn (up PLN 1.3bn year on year), EBITDA of PLN 1.4bn, and EBITDA margin of 12.6% (up 4.9pp year on year). It was a record-breaking year for the Group in terms of its top-line performance and ongoing key capex projects.
The Management Board of Grupa Azoty Polyolefins S.A. has signed commitment letterswith Polish and international financial institutions, confirming the submission of debt offers for the “Polimery Police” project.
On February 19 and 20, 2020 the EPC contractor of the Polimery Police investment project, Hyundai Engineering Co., Ltd. received another 3 building permits.
Titanium dioxide (TiO2) is the substance which is the main component of key white pigment for many applications including paints, plastics, paper, printing inks, rubber, ceramics, etc.
High gas prices and volatility of the weather as well as growing urea imports affected Grupa Azoty's results in the first quarter. Very good results in Plastics and Pigments, efficient management of nitrogen, coordination of renovation policy allowed to minimize the impact of negative market trends.
PDH Polska informs business entities who express their interest in cooperation with HEC, that we do not provide information, mediate, arrange contacts or undertake any other activities in the field of economic cooperation with HEC.
On 11th May 2019, PDH Polska S.A. signed an EPC LSTK Contract (Engineering, Procurement and Construction – Lump Sum Turnkey) with Hyundai Engineering Co., Ltd. for a comprehensive realization of the "Polimery Police" project. This is a milestone in this largest project of the chemical sector in Poland in recent years