At the end of January, the overall stage of completion of Grupa Azoty Group’s flagship project in Police exceeded 99.01% and entered its final phase. The project is of strategic importance to the national economy and will boost growth of Poland’s plastics segment. The complex will be the largest propylene and polypropylene plant in Central and Eastern Europe.

Two projects have been completed at Grupa Azoty ZAK under the New Energy Concept, a key capital investment programme currently underway at the company. The projects will help increase production and improve the energy and raw material efficiency. The total value of the projects is PLN 65.6m.

At its meeting on February 9th 2023, the Supervisory Board of Grupa Azoty S.A. appointed Marcin Kowalczyk as Member of the Company's Management Board of the 12th term, with effect from February 10th 2023, serving as Vice President of the Management Board.

Another edition of Grupa Azoty’s customer lottery has been launched, with prizes including a John Deere 5075E tractor. Over the past five years more than 1,200 prizes have already been distributed to winning farmers, including five agricultural tractors as grand prizes.

Given a stabilisation of natural gas prices on the European market seen in January, despite strong year-on-year increases in the prices of other fertilizer production inputs, including electricity, coal, phosphate rock and potassium chloride, the Grupa Azoty Group has decided to lower its prices of fertilizer products with effect from February 1st 2023.

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.