Grupa Azoty Polyolefins, the special purpose vehicle implementing the Polimery Police project, has selected distributors for its new product – polypropylene to be marketed under the name Gryfilen®. In Poland, the product will be distributed by Grupa Azoty Compounding.
With effect from Friday March 17th, the Grupa Azoty Group will be charging significantly lower prices for nitrogen and compound fertilizers sold via its authorised distribution network, adjusting them to the current market situation.This is another price reduction this year after the one made in February 2023.
In the fourth quarter of 2022, the Grupa Azoty Group generated estimated consolidated revenue of PLN 5,107m and negative EBITDA of PLN -296m, with a negative EBITDA margin of -5.8%. For the full year, the Grupa Azoty Group generated estimated consolidated revenue of PLN 24,658m and EBITDA of PLN 2,545m, with an EBITDA margin of 10.3%.
During discussions between the management boards of KGHM Polska Miedź and Grupa Azoty Group, the former's involvement in the expansion of the Police Sea Port and ongoing cooperation in sulphuric acid production were addressed. KGHM has shown interest in investment plots that are strategically located and expected to benefit from the planned expansion of port infrastructure. The plots offer an attractive investment opportunity.
Grupa Azoty S.A. continues to release regular updates on estimated consolidated production volumes. The company has also announced a temporary shutdown of the ammonia and urea production plants at Grupa Azoty Police.
Grupa Azoty Police and West Pomeranian University of Technology (ZUT) have concluded an agreement to create and operate the Hydrogen Academy. Launched within the West Pomeranian Hydrogen Valley established in November 2022, the academy is now officially in operation. Applications for the inaugural edition of the programme opened on March 7th.