Grupa Azoty S.A. has launched a pilot line for the production of thermoplastic starch, with a capacity of 300,000 per year. The company has also signed cooperation agreements with Polska Grupa Opakowaniowa Opakomet S.A. and the Forestry Research Institute, as well as a letter of intent with the State Forests National Forest Holding. The signing of the documents, confirming the high business potential of the solution, took place at the Grupa Azoty Research and Development Centre in Tarnów on May 11th 2021.
At its meeting held on April 19th 2021, the Supervisory Board of Grupa Azoty S.A. reappointed members of the Company’s Management Board for a new 12th term of office, with effect from May 18th 2021.
In 2020, the Grupa Azoty Group posted consolidated revenue of PLN 10.5bn, delivering EBITDA of PLN 1.3bn, EBITDA margin of 12.6% (unchanged year on year) and net profit of PLN 355m.
Grupa Azoty has been included in the Łukasiewicz Index, which aims to promote listed companies involved in R&D activities. The index portfolio includes companies listed on the WSE’s regulated market and in its alternative trading system (New Connect) which have collaborative ties with the Łukasiewicz Research Network. The list of constituent stocks was announced on April 1st 2021, and the index will be published daily from April 12th.
50% of material progress was achieved by the largest investment of the Polish chemical industry - the "Polimery Police" project.
On February 25th 2015, Grupa Azoty Polyolefins S.A. received a confirmation from Bank Pekao S.A., acting as the Facility Agent, that the conditions precedent under the Credit Facilities Agreement had been fulfilled. As a result, Grupa Azoty Polyolefins S.A. may now, subject to specific conditions for the first drawdown on each Facility and additional conditions for each disbursement, which do not differ from standard terms and conditions applicable to similar financing arrangements, apply for disbursement of funds under the Credit Facilities to finance the Polimery Police project. Thus, the last stage of the process to raise debt financing for the project has been successfully completed.