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Grupa Kapitałowa Grupa Azoty
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The Management Board of Grupa Azoty S.A. announced that on June 27, the Ordinary General Meeting appointed the following individuals to the Supervisory Board for the twelfth joint term:
In efforts to finalize a long-term agreement with financial institutions, the Management Board of Grupa Azoty has set up a cost optimization team focused on employee wages within the Grupa Azoty Capital Group and on analyzing Collective Bargaining Agreements (CBA). Additionally, the Management Board of Grupa Azoty, along with the Boards of key Capital Group companies, has requested from the Company’s Trade Union Organizations the suspension of certain costly CBA provisions. These initiatives aim to create unified solutions across the entire Capital Group, update CBA provisions, and adapt some solutions to the current financial situation.
In alignment with the agreement with financing parties noted in Current Report No. 10/2024, the Management Board of Grupa Azoty S.A. resolved on June 21 to convene an Extraordinary General Meeting. The agenda includes approving the primary scope of the considered securities on Grupa Azoty S.A.'s assets, pending Supervisory Board approval. Similar resolutions were made by the Management Boards of Grupa Azoty Puławy, Grupa Azoty Police, and Grupa Azoty Zakłady Azotowe Kędzierzyn S.A. This marks another step in executing the action plan agreed with financial institutions while negotiating a long-term agreement.
On June 14, Grupa Azoty Polyolefins finalized an Amendment to the Stabilization Agreement initially signed on December 15, 2023, ensuring continued financing for the Polimery Police project. This agreement with 15 financial institutions extends the financing terms until July 31, 2024.
Grupa Azoty ATT Polymers, BASF, UBE, ENVALIOR and DOMO Chemicals are proud to announce the formation of the Advanced Packaging Association (APA) AISBL as a non-profit organisation that will shape the future of the flexible packaging value chain through fact-based sustainability assessment.
Grupa Azoty received three prestigious awards at the 28th International Fair of Plastics and Rubber Processing PLASTPOL held in Kielce.