Grupa Azoty S.A., on its own behalf and on behalf of selected companies from the Grupa Azoty Capital Group, has signed an annex to the Agreement dated February 2, 2024 (as amended) with the Financing Institutions. The term of the Agreement has been extended until May 15, 2025, provided that the relevant Financing Institutions confirm the extension by April 30 of this year.
The validity period of the Stabilization Agreement dated December 15, 2023 (as amended), between Grupa Azoty Polyolefins and the Financing Institutions concerning the financing of the Polimery Police project, has been extended from March 31, 2025, to April 22, 2025.
The deadline for the Agreement signed on January 16 this year between Orlen S.A. and Grupa Azoty S.A., Grupa Azoty Police S.A., and Grupa Azoty Polyolefins S.A. has been extended until May 12, 2025. This means Grupa Azoty and Orlen are continuing their cooperation to determine the terms and conditions for the potential transaction involving Orlen Group’s acquisition of all or part of Grupa Azoty Polyolefins shares held by Grupa Azoty, or exploring other forms of investment.
Grupa Azoty Compounding has obtained the prestigious IATF 16949:2016 certification, confirming the highest quality standards in the use of modified plastics within the automotive industry. The certification demonstrates that Grupa Azoty Compounding’s production standards meet strict requirements in terms of precision, reliability, and compliance with automotive industry expectations. Importantly, this certificate is required by the world's largest car manufacturers—its acquisition therefore opens the door for the Group’s products to reach new customers in the automotive sector.
The new product, called Vitaplon 9-23-30, is a first universal fertilizer that is entering the market from Grupa Azoty’s Gdańsk-based company, Grupa Azoty Fosfory. Thanks to its properties, it is particularly recommended for the cultivation of both winter and spring cereals, winter rapeseed, corn, sugar beets, potatoes, as well as for green fodder.
In mid-February this year, Grupa Azoty Puławy signed a land lease agreement with Mkango Polska (a subsidiary of Mkango Resources Ltd.) for the construction of a strategic rare earth element separation installation in Puławy. The companies indicated that the project is in line with European initiatives regarding critical raw materials. Today, the European Commission adopted a list of 47 strategic projects aimed at increasing strategic capacities in the resource area. The list includes the project concerning rare earth elements, which is to be implemented by Mkango on the premises of Grupa Azoty’s Puławy-based facility.