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.

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%.

Subject to approval from the upcoming General Meeting, Grupa Azoty S.A. plans to sign, by mid-December, a preliminary conditional agreement for purchase of all shares in Solarfarm Brzezinka, which, once launched, will be the largest solar PV power plant operating in Poland. In the next step, Grupa Azoty S.A. or a designated company of its group would complete the acquisition of Solarfarm shares by the end of the third quarter of 2024 under a share purchase agreement.

Polska Grupa Zbrojeniowa, a leading producer of advanced solutions for the armed forces, and Grupa Azoty, a prominent player in the European fertilizer and chemical industry, have signed an agreement set to open new horizons in technological advancement and manufacturing.

Grupa Azoty Fosfory is on a mission to enhance the energy efficiency of its production processes. Central to this effort is the forthcoming upgrade of the sulfuric acid plant incorporating a power generation turbine, an initiative set to result in a remarkable reduction of approximately 20,000 MgCO2 of greenhouse gas emissions annually. The project entails an estimated investment of nearly PLN 100 million. In parallel with the upgrade project, Grupa Azoty Fosfory is commissioning a rotary dryer equipped with a new natural gas combustion chamber. This innovative addition is set to significantly curtail carbon dioxide (CO2) and sulfur dioxide (SO2) emissions, while promising to reduce process downtime. Grupa Azoty S.A. isn’t solely focused on current projects, but is also committed to advancing its understanding of phosphogypsum management through dedicated research and development endeavours.

The Grupa Azoty Group has released estimates of production volumes for September 2023, showing that production at the Grupa Azoty Group companies is steadily growing in line with rising demand for fertilizers. According to estimates, in September the Group companies produced 64,000 tonnes of compound fertilizers, compared to 54,000 tonnes in August. In the case of specialty fertilizers, the output for September is estimated at 15,000 tonnes, compared with 9,000 tonnes in August. The drop in estimated production of nitrogen fertilizers, from 251,000 tonnes in August to 227,000 tonnes in September, was mainly a consequence of an emergency shutdown at Grupa Azoty ZAK, which the company announced on September 5th.