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New Management Board of Grupa Azoty S.A.
The Supervisory Board of Grupa Azoty S.A. has appointed Adam Leszkiewicz as President of the Management Board of Grupa Azoty S.A., effective March 20, 2024. Additionally, the following individuals have been appointed as Vice Presidents of the Management Board, effective March 20, 2024: Andrzej Skolmowski, Krzysztof Kołodziejczyk, Andrzej Dawidowski, and Dr. Paweł Bielski. The Supervisory Board has also resolved to delegate Hubert Kamola, a Member of the Supervisory Board, to perform the duties of Vice President of the Management Board from March 20, 2024, until a new Board Member is appointed in a supplementary qualification process, but for no longer than three months.
19.03.2024
Grupa Azoty Police and Race For The Baltic Foundation join forces to protect the environment
Grupa Azoty Police and the Swedish Race For The Baltic Foundation have completed their first joint project under the agreement signed last year, which aims to reduce environmental impact. The collaboration resulted in the purchase of a sweeper to remove raw materials from the port quay. The Foundation, which implements numerous initiatives to improve the state of the Baltic Sea, co-financed most of the equipment's cost.
19.03.2024
Information from the Supervisory Board of Grupa Azoty S.A.
Following the announcement on February 27, 2024, regarding the initiation of a qualification process for positions on the Management Board of Grupa Azoty S.A., the Supervisory Board informs that in the qualification process aimed at appointing 6 members of the Management Board of Grupa Azoty S.A., 73 candidate applications were submitted by the deadline, March 14, 2024, at 12:00 PM.
14.03.2024
Extraordinary General Meeting of Grupa Azoty S.A. did not pass a resolution on acquiring 100% shares in Solarfarm Brzezinka
During the session on March 13, 2024, the Extraordinary General Meeting of Grupa Azoty S.A. did not pass a resolution regarding Solarfarm Brzezinka. The failure to pass the resolution by the Extraordinary General Meeting was preceded by a negative recommendation from the Supervisory Board of Grupa Azoty S.A. concerning the acquisition of 100% shares in Solarfarm Brzezinka.
13.03.2024
Grupa Azoty publishes estimated production levels for February
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.
11.03.2024
Grupa Azoty ends cooperation with Unia Tarnów ŻSSA for the 2024 season
Following the financial results published since the beginning of 2023, Grupa Azoty reported consecutive net losses of PLN 555 million in Q1, PLN 543 million in Q2, and PLN 743 million in Q3. Given the current financial situation, Grupa Azoty must develop and implement a restructuring plan to stabilize its financial position. The reported financial results in recent quarters have led Grupa Azoty to make the difficult decision to cut back on sponsorship activities. Consequently, the company has decided not to continue its cooperation with Unia Tarnów ŻSSA for the 2024 season. A letter regarding this decision was sent to Unia Tarnów ŻSSA on March 11, 2024.
11.03.2024
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