The resolution to initiate discussions with Orlen S.A. to cease actions related to the potential acquisition of Grupa Azoty Zakłady Azotowe Puławy S.A. was passed today and came into force upon adoption. The resolution followed a comprehensive analysis conducted by a reputable consultancy, which formed the basis for the Management Board of Grupa Azoty S.A. to deem the potential sale of Grupa Azoty Zakłady Azotowe Puławy S.A. as unjustified.

The Grupa Azoty Group has released estimates of its production volumes for October 2023, showing a steady increase in product output for another consecutive month. According to the released estimates, in October companies of the Grupa Azoty Group produced 245,000 tonnes of nitrogen fertilizers (up from 227,000 tonnes in September), 71,000 tonnes of compound fertilizers (compared with 64,000 tonnes in September) and 26,000 tonnes of speciality fertilizers (an increase relative to 15,000 tonnes in September).

The third-quarter financial results of the Grupa Azoty Group are in line with estimates presented on October 26th. The Group generated consolidated revenue of PLN 3,075 million, EBITDA of PLN -348 million, and EBITDA margin of -11.3%.

Top Brand 2023 is the most comprehensive ranking showcasing the quality of brand image and media popularity of companies on the Polish market. The sixteenth edition of the Best Image Brands Report evaluated 500 brands spanning 50 different industries. The company recognised as Top Brand 2023 within the chemical sector was Grupa Azoty.

Among various cost areas, ammonia represents a significant focus for the Grupa Azoty Group. This includes production costs, the cost of feedstock and costs associated with its carbon footprint. Consequently, the Group is actively seeking to establish partnerships with major decarbonised ammonia operators in the United States. Ultimately, this move could enhance the Grupa Azoty Group’s position in the EU fertilizer producer market and further bolster the decarbonisation initiatives within the framework of the Group’s Green Strategy. The initial course of action in this field was discussed during the US GULF COAST – CENTRAL EUROPE COOPERATION IN CLEAN HYDROGEN conference organised by the Grupa Azoty Group, held in Warsaw on November 2nd. The event, the first of its kind in Europe, drew the participation of representatives of leading European fertilizer companies and decarbonised ammonia operators from the United States. During the conference, discussions were conducted with the intention of formalising agreements for future collaboration.

Grupa Azoty ZAK has successfully completed its latest investment project, installing a new oxygen compressor at the Ammonia Department of its plant in Kędzierzyn Koźle, set to bring about notable improvements in process and workforce safety. Worth nearly PLN 77m, the project marks another milestone in the New Energy Concept, one of the flagship investment programmes currently underway at Grupa Azoty ZAK.