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Grupa Azoty S.A. signs new coal purchase contract
On September 19th 2022, Grupa Azoty S.A. entered into a framework contract for the purchase of coal with Polska Grupa Importowa Premium that was awarded in a tender procedure. The Contract provides for the sale of imported thermal coal.
19.09.2022
Grupa Azoty meets with General Contractor of Polimery Police project
On September 16th 2022, representatives of Grupa Azoty met with senior executives of Hyundai Engineering Co., Ltd., the general contractor on the Polimery Police project. During the meeting, participants discussed the progress of construction works at the new complex and gas terminal.
16.09.2022
Grupa Azoty expressing interest in acquisition and integration of hydropower company ZEW Niedzica
Based on a due diligence and valuation of the business of Zespół Elektrowni Wodnych Niedzica S.A., the Management Board of Grupa Azoty S.A. expressed an interest in acquiring and integrating the company into the Grupa Azoty Group. At the same time, a decision was made to request the Polish State Treasury, as the sole shareholder in ZEW Niedzica, to initiate a process leading to its potential acquisition and merger into the Grupa Azoty Group.
12.09.2022
Grupa Azoty provides supplies of CO2 and dry ice to its customers
Despite temporary production cuts at three of the Grupa Azoty Group’s companies, the Group continues to provide supplies of CO2 to its existing customers. The reduction in fertilizer production was planned so as to ensure the availability of sensitive products, including liquid CO2, dry ice and ammonia water, which is necessary for the operation of the commercial power industry.
29.08.2022
Grupa Azoty Zakłady Azotowe Kędzierzyn S.A. partially shuts down nitrogen fertilizer production unit in consequence of record high gas prices
Due to record high prices for natural gas, the main production feedstock used by Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., on August 23rd 2022 the Company’s Management Board decided to scale down the operation of the Fertilizer Production Unit to the minimum capacity of 43% as of August 24th 2022.
23.08.2022
Grupa Azoty S.A. temporarily shuts down nitrogen fertilizer, caprolactam and polyamide 6 production units in consequence of record gas prices
Due to record prices for natural gas, the main production feedstock used by Grupa Azoty S.A., on August 22nd 2022 the Company decided that as of August 23rd 2022 it will temporarily shut down its nitrogen fertilizer, caprolactam and polyamide 6 production units. As a consequence of Russia’s aggression against Ukraine, since February 24th 2022 natural gas prices on the European exchanges have been soaring to extraordinary, historically high levels. Over the past six months, gas prices surged from EUR 72/MWh on February 22nd 2022 to EUR 276/MWh on August 22nd 2022.
22.08.2022
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