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Grupa Azoty S.A. to commence discussions with Orlen S.A. to cease actions related to potential acquisition of Grupa Azoty Zakłady Azotowe Puławy S.A. by Orlen S.A.
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.
21.11.2023
Grupa Azoty Group reports higher demand in the Agro segment in Q3 2023
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%.
08.11.2023
Top Brand 2023 – Grupa Azoty secures top spot as the strongest chemical brand
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.
07.11.2023
Grupa Azoty Group explores opportunities for collaborative decarbonisation projects with U.S. partners and the import of clean ammonia from the United States
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.
02.11.2023
Another project delivered by Grupa Azoty ZAK under New Energy Concept
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.
30.10.2023
Grupa Azoty Group’s estimated financial results for Q3 2023
The three months ended September 30th 2023 saw improved demand, notably in the Agro Segment and, to a degree, in the Chemicals Segment, especially relative to the prior quarter. This led to an increase in production volumes and a decrease in fertilizer inventories. However, most Grupa Azoty products were offered at prices that were lower than those from the previous year by an average of 52%. The Group estimates to have generated consolidated revenue of PLN 3,075m, EBITDA of PLN -348m, and an EBITDA margin of -11.3%.
26.10.2023
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