Among other factors, the products we offer are priced based on current analyses and detailed calculations of total production costs, which are still subject to significant market fluctuations. In addition to volatile gas prices, fertilizer production costs are being largely driven by other factors as well, including major year-on-year increases in prices of electricity, coal, phosphate rock and potassium chloride.

Grupa Azoty has launched a new facility for the production of concentrated nitric acid with a design output of 40,000 tonnes per year, doubling its existing capacity. This is a second production line for above 98 per cent concentrated nitric acid now operating in Tarnów. It has brought the Tarnów plant’s total annual capacity for that product to 80,000 tonnes. As Grupa Azoty is the only Polish producer of concentrated nitric acid, the project is key to ensuring supplies of input materials for the manufacture of fine chemicals.

At its meeting held on January 16th 2023, the Supervisory Board of Grupa Azoty S.A. passed a resolution to remove from the Management Board of Grupa Azoty S.A. one of its Vice Presidents Mr Tomasz Hryniewicz. The resolution came into effect upon its adoption. At the same time, Grupa Azoty Puławy S.A. accepted a statement of resignation by Mr Tomasz Hryniewicz from the position of President of the Management Board and from membership of the Management Board of Grupa Azoty Puławy S.A., effective January 16th 2023.

Agrochem Puławy, Poland’s leading distributor of fertilizers, and Compo Expert, an international manufacturer of foliar and speciality fertilizers, are joining forces to supply their customers with a complete range of fertilizer products. As a result, Agrochem Puławy has become the exclusive distributor of Compo Expert products in Poland starting from January 2023.

Grupa Azoty has opened a new fertilizer storage facility in Tarnów. The new complex has a total storage capacity of about 6,650 tonnes of fertilizer. The project is a response to growing customer expectations regarding fertilizer availability. It also marks a step towards increasing the number and efficiency of loading operations. The project cost more than PLN 14.5m.

In accordance with the key terms and conditions defined for the purchase (the “Term Sheet”), the transaction would be carried out by Grupa Azoty S.A.’s entering into a preliminary conditional share purchase agreement to acquire in the future 100% of shares in Solarfarm’s share capital, followed by the purchase of the shares under a share purchase agreement in the first half of 2024 by Grupa Azoty S.A. or another company of its Group provided that technical conditions are adjusted and building permits for the construction of a power plant are obtained.