Grupa Azoty Zakłady Chemiczne Police S.A. (the “Company”) kindly informs that due to circumstances being beyond the control of the Company, as a result of unforeseen technical problems in the area of the Power Center (failure of two boilers), which could not be predicted and could not be prevented, the Company announced on March 9, 2022 the "Force Majeure" event. The announcement is valid until further notice.
The Force Majeure event affected the Company’s ability to produce technological steam necessary to provide production processes on the most important installations of the Company. The current result of the Force Majeure event is the stoppage or a very significant reduction of production. The above situation also causes significant restrictions in Company’s ability to deliver certain product groups. Based on the present information, it is currently not possible to establish a binding deadline for the elimination of technical problems and restoration of production to the state before the failure.
We ensure that the Company is taking all neccessary and intensive actions to limit the negative effects of Force Majeure event and the Company will take every possible effort to minimalize them. The Company will keep you informed about the progress in removing technical problems and the expected duration of the Force Majeure event.