May 18th saw the mounting in place of a 96-metre-tall propane-propylene splitter. The operation required the use of one of the world’s largest ring cranes.
On May 13th 2021, the Supervisory Board of Grupa Azoty S.A. appointed Marek Wadowski to the Company's Management Board of the new 12th term of office as its Vice President, with effect as of May 18th 2021. The Supervisory Board also appointed Zbigniew Paprocki as Member of the Management Board, with effect as of May 18th 2021.
After Q1 2021, the Grupa Azoty Group reported consolidated revenue of PLN 3,362m, an increase of PLN 258m relative to the same period of 2020. Despite higher average prices of most raw materials, including natural gas, EBITDA came in at PLN 405m. Net profit for the period amounted to PLN 86m and EBITDA margin was 12.0%.
Grupa Azoty S.A. has launched a pilot line for the production of thermoplastic starch, with a capacity of 300,000 per year. The company has also signed cooperation agreements with Polska Grupa Opakowaniowa Opakomet S.A. and the Forestry Research Institute, as well as a letter of intent with the State Forests National Forest Holding. The signing of the documents, confirming the high business potential of the solution, took place at the Grupa Azoty Research and Development Centre in Tarnów on May 11th 2021.
At its meeting held on April 19th 2021, the Supervisory Board of Grupa Azoty S.A. reappointed members of the Company’s Management Board for a new 12th term of office, with effect from May 18th 2021.
In 2020, the Grupa Azoty Group posted consolidated revenue of PLN 10.5bn, delivering EBITDA of PLN 1.3bn, EBITDA margin of 12.6% (unchanged year on year) and net profit of PLN 355m.