Grupa Azoty S.A. (Tarnów)
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Changes on Grupa Azoty Polyolefins Management Board
On November 24th 2023 , Andrzej Niewiński resigned from his role as a member and President of the Management Board of Grupa Azoty Polyolefins S.A.Mr Niewiński has been involved with the Company since 2016, holding the position of President of its Management Board. Personal reasons were cited as the reason for the resignation.
24.11.2023
Grupa Azoty’s envifill® products with international certificates confirming biodegradability and compostability
Grupa Azoty S.A. has obtained certificates indicating the compliance of the envifill® granules line with the EN-13432 standard, thus confirming their biodegradability and compostability. The OK compost Industrial certificate verifies that products made from the Group's granules can undergo composting in industrial composting facilities. On the other hand, the OK compost HOME certificate serves as a guarantee that products made from these granules are completely biodegradable in backyard composters.
22.11.2023
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’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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