Grupa Azoty S.A. and Ursus S.A. have signed a letter of intent to cooperate in the joint development and implementation of efficient farming projects and the use of hydrogen as a source of energy for fuel cells powering electric motors. The companies will also work together on promoting and implementing educational projects.

The last required corporate approval at the Grupa Azoty Group has just been secured for the Police Polymers project, namely approval from the General Meeting of PDH Polska S.A. This means the project has been ...

The Grupa Azoty Group and the National Contact Point for the Horizon 2020 Programme have signed an agreement on close cooperation. The aim of the agreement is to increase the participation of the Grupa Azoty Group, partner companies and research institutions in the Horizon 2020 EU Framework Programme, to lend support in applying for grants, finding consortium partners and implementing projects, as well as in promoting the programme and the Group’s potential.

In its consolidated financial statements for Q3 2017, the Grupa Azoty Group reported revenue of nearly PLN 2.2bn, up 10% year on year. With EBITDA of more than PLN 255m (up by nearly 77% y/y) and net profit above PLN 75m (PLN 5m for Q3 2016), the Group has a positive view on its performance in Q3 2017.

In its consolidated financial statements for the first half of 2017, the Grupa Azoty Group reported revenue of PLN 4.87bn (up 5% y/y), with EBITDA in excess of PLN 714m (up by close to 3% y/y) and net profit at PLN 378m (up 7% y/y). The improvement in performance continued to be driven by the Plastics segment, which together with the Pigments segment entirely offset the trends affecting the gas-reliant segments.

Today, a cornerstone laying ceremony officially marked the start of construction of Grupa Azoty S.A.’s new Research and Development Centre in Tarnów. The project will allow Grupa Azoty to expand its own research activities as part of the Group’s R&D efforts, and is consistent with the Group’s strategy to generate and implement innovation. It will also improve the competitiveness of Grupa Azoty’s products. Special guests who attended the ceremony included Jarosław Gowin, Deputy Prime Minister and Minister of Science and Higher Education, and Jadwiga Emilewicz, Under-secretary of State at the Ministry of Development.