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Grupa Azoty has released estimated production volumes for February 2024. The data shows an increase in nitrogen fertilizer production within the Capital Group companies compared to January – estimated volumes for February are 252,000 tons compared to 199,000 tons in January. There was also an increase in multi-component fertilizers – estimated volumes for February are 57,000 tons compared to 48,000 tons in January. For specialty fertilizers, estimated production volumes in February are 26,000 tons compared to 25,000 tons in January.
Significant production growth was recorded in the area of urea – 80,000 tons in February compared to 48,000 tons in January. There were also slight increases in production levels for pigments, with 2,000 tons in February compared to 1,000 tons in January, and in OXO products, with 13,000 tons in February compared to 11,000 tons in January. Estimated production in polyamide remained unchanged at 8,000 tons.
The rebound in estimated production volumes for February in fertilizers indicates higher demand from our authorized distribution network in the context of the upcoming fertilizer season and application deadlines. It can be said that the observed increases are largely due to external factors. To achieve long-term profitable production, it is essential to implement appropriate optimization measures, which is our goal for the coming months, said Zbigniew Paprocki, General Director and Member of the Management Board of Grupa Azoty S.A.
Estimated production data for February is available on the website at Grupa Azoty Investor Relations under the title Report for February 2024.