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Today, in the presence of government officials headed by Prime Minister Mateusz Morawiecki, Grupa Azoty opened its new Research and Development Centre in Tarnów. Constructed over 14 months, the Centre will accommodate research facilities, supporting the delivery of innovative solutions.Its effective use by Grupa Azoty will allow it to build competitive advantages and boost the flow of innovation into its business.
The second edition of the ‘Ambassador of Grupa Azoty Brand’ programme has begun. The programme, open to all academic circles, is intended to interest students in building their professional careers with the Grupa Azoty Group. This time, the programme is targeted at all university students. The best ones are sure to receive awards, including a paid internship at the Grupa Azoty Group.
Grupa Azoty today concluded an agreement with Goat Netherlands B.V. with its registered office in the Netherlands (an entity of the XIO Group, a London headquartered private equity firm) for the acquisition of 100% of shares in Goat TopCo GmbH with its registered office in Germany, which controls the companies of COMPO EXPERT Group, one of the world's leaders in the market of specialty fertilizers for professional users. The transaction will be finalised after obtaining the consent of the Extraordinary General Meeting of Grupa Azoty S.A. Shareholders and the consent of the competent merger control authorities required in certain countries of operation. The purchase price for 100% of shares in the COMPO EXPERT Group will not be higher than EUR 235 million and will be financed entirely with credit lines available to Grupa Azoty.
How to build a Polish Silicon Valley? Create an innovation-friendly environment. Grupa Azoty, Poland’s largest fertilizer and chemical group and one of Europe’s key players in that market, has signed a cooperation agreement with the accelerator of the Poland Prize by AdVentures programme. Already in September, the accelerator team will start looking for business opportunities in Southern, Central and Eastern Europe.
In the first half of 2018, the Grupa Azoty Group recorded EBITDA of PLN 529m, with revenue of PLN 4.88bn. Noteworthy, EBITDA decreased by PLN 185m (or 26%) year on year, while sales revenue grew, by nearly PLN 8m relative to the first half of 2017. This clearly shows that the results for the first half of 2018 were strongly affected by fluctuations on the cost side.
Grupa Azoty S.A. was once again included in the FTSE4Good indices, as announced by FTSE Russell following the June 2018 review.
On Monday, July 23rd, Grupa Azoty’s subsidiary ATT Polymers opened the new Logistics Centre in Guben. This is yet another project that will significantly contribute to the expansion of Grupa Azoty’s plastics business. The opening ceremony was attended by representatives of Grupa Azoty, the authorities of Brandenburg, the Spree-Neisse region and the city of Guben as well as trading partners of Grupa Azoty’s German-based subsidiary.
Grupa Azoty was Poland’s only company to accompany the Polish government delegation to the UN High Level Political Forum (HLPF) in New York. During the ministerial session, Jadwiga Emilewicz, Minister of Entrepreneurship and Technology, presented a report on the implementation in Poland of the United Nations 2030 Agenda for Sustainable Development. Grupa Azoty, which discussed examples of its own best practices contributing to the implementation of the Agenda, played a major role in the presentation of the report. The described initiatives included the Product Stewardship programme, Idea4Azoty (a proprietary acceleration programme), as well as cooperation with SatAgro (a startup).
Signing of agreements with a bank syndicate, whereby the facility amount is increased to PLN 3bn, means that Grupa Azoty has secured financing for its investment programme until 2026.
Grupa Azoty came first in the 12th edition of the Responsible Company Ranking, in the industrial production category. The Ranking lists Poland’s largest companies by the quality of their Corporate Social Responsibility management.
Grupa Azoty was awarded the coveted title of Ambassador of the Polska Chemia brand. The title was presented to Wojciech Wardacki, President of the Grupa Azoty Management Board, during the fifth Polska Chemia Congress.
On May 17th 2018, the Supervisory Board of Grupa Azoty S.A. passed resolutions approving appointments to the Company’s Management Board of the eleventh term.
High gas prices, changeable weather and growing urea imports were among key factors affecting the Grupa Azoty Group's Q1 performance. Strong results posted by Plastics and Pigments, efficient management of nitrogen, and coordinated maintenance shutdown policy helped mitigate the impact of adverse market trends. As a result, the Group earned revenue of almost PLN 2.5bn, generating EBITDA of PLN 403m.
Only five months after the launch of its innovation accelerator programme Idea4Azoty, Grupa Azoty has selected eight solutions with high implementation potential from among several dozen R&D projects submitted. A letter of intent has just been signed between Grupa Azoty and ScienceBioTech of Wrocław, one of the programme entrants, to develop and implement a technology for producing modular plates to be used in osteotomies*.
In 2017, Grupa Azoty’s revenue increased by over 7%, to PLN 9.6bn, while EBITDA came in at PLN 1.19bn – a 25% increase year on year. After adjusting the operating profit for one-offs disclosed in 2017, EBITDA margin almost equalled the historically best margin delivered in 2015, at 13.1%.
The combination of the potentials of the Group companies based in Tarnów, Puławy, Police and Kędzierzyn has not only helped to keep the key chemical plants in Polish hands, but has also generated numerous cost synergies. The consolidation process initiated seven years ago has yielded savings estimated at no less than PLN 710m.
Four key companies of the Grupa Azoty Group: Grupa Azoty S.A. of Tarnów, Grupa Azoty Police, Grupa Azoty Puławy and Grupa Azoty Kędzierzyn have signed a “Cooperation Agreement”. From now on, they are to work more closely in fertilizers trading and other areas.
On the initiative of Przemysław Czarnek, Governor of the Lublin Province, the Grupa Azoty Group, Poland’s leading chemical group, and the New Chemical Syntheses Institute of Puławy (INS), a renowned Polish research centre, have signed a letter of intent on close and regular cooperation. Group-wide coordination of R&D activities combined with new multidisciplinary projects will improve the Group’s chances of launching innovative solutions on an industrial scale. Fully unlocking the research potential of the Institute, a well-established research centre with over 50 years of presence in the Lublin Province, will also spur further development of the region and the Polish chemical industry at large.
On January 25th 2018, Grupa Azoty signed a long-term loan agreement with the European Investment Bank for up to EUR 145m, which will help it fund major capital investment projects and R&D activities.
On December 20th 2017, Grupa Azoty Police concluded with DGG ECO Sp. z o.o. a conditional agreement (settlement) which, once finalised, will confirm the withdrawal from the agreement made in 2013 to purchase the Senegalese company African Investment Group S.A. (AFRIG) and will enable Grupa Azoty Police to recover USD 28,850,000.00 paid towards the purchase price of AFRIG shares.
Grupa Azoty S.A. has been present in the elite group of socially responsible companies listed in the Respect Index of the Warsaw Stock Exchange continuously from the very beginning of the project. The eleventh edition of the Index was announced at the WSE on December 14th 2017. Currently, the index includes 28 companies, of which three are listed in it for the first time.
The Azoty Group has joined the declaration of partnership for the United Nations’ Sustainable Development Goals, on the initiative of the Ministry of Development as the institution responsible for the implementation of the Agenda in Poland. The ideas behind the 2030 Agenda have long been among the Grupa Azoty Group’s key concerns, which is why it is actively involved in the pursuit of the 17 Sustainable Development Goals.
Today Grupa Azoty and CTL Logistics signed an agreement under which Grupa Azoty will take over certain special purpose vehicles, thus consolidating railway siding services in Kędzierzyn and Puławy. As of January 1st 2018, all companies managing railway sidings for Grupa Azoty will be included into its Group. The railway siding services will be consolidated by Grupa Azoty KOLTAR, while CTL Logistics will remain Grupa Azoty’s strategic partner in transport activities.
Grupa Azoty has launched the Idea4Azoty programme, a platform for exchanging highly innovative ideas. Regardless of their stage, submitted projects stand a chance of receiving full support – from subsidies of up to PLN 20m to infrastructure and consultancy services. The accelerator programme is the first initiative of this type on the Polish market. Its beneficiaries will include not only the chemical industry, but also providers of new technologies and services in such areas as environmental protection, agriculture, engineering and biotechnology. The programme was officially launched on November 17th 2017, during the second edition of the 590 Congress in Rzeszów.
KGHM Polska Miedź S.A. and Grupa Azoty have signed a letter of intent for cooperation in research and development. It marks the beginning of synergy between the chemical and mining and metallurgy industries at a world-class level. The cooperation agreement provides for development of technologies for physical, chemical and thermal processing of minerals. Both companies are international leaders in their industries.
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 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.
After a series of audits carried out in 2017 by certification body DNV-GL, the Grupa Azoty Group companies, which are members of Fertilizers Europe, have been awarded certificates in Product Stewardship for best practices in the management of the fertilizer life cycle.
Grupa Azoty is engaged in supporting the promotion of a DNA lab-on-a-chip project developed by NEXBIO Sp. z o.o., a start-up based in Lublin.
Grupa Azoty will be presenting two of its production segments − plastics and OXO − at the 21st International Fair of Plastics and Rubber Processing PLASTPOL, taking place in Kielce from May 23rd to May 26th. Visitors to its exhibition stand will also have an opportunity to meet some of the athletes competing under the Grupa Azoty banner.
In the first quarter of 2017, the Grupa Azoty Group recorded consolidated revenue of PLN 2.69bn, up over PLN 200m (9%) year on year, with EBITDA in excess of PLN 447m and net profit of PLN 250m. The Company also updated the 2013–2020 strategy.
In 2016, the Grupa Azoty Group earned revenue of nearly PLN 9bn, reporting EBITDA of more than PLN 1bn with EBITDA margin of 11.2%, and net profit of PLN 375m with net profit margin of 4.2%.
Grupa Azoty has joined forces with TAURON on a project to construct a coal gasification unit for chemical production. A letter of intent was signed by the parties in Warsaw on April 20th 2017.
On December 16th 2016, Friday, the Supervisory Board of Grupa Azoty S.A. appointed Mr Wojciech Wardacki, DSc(Econ), as President of the Management Board of Grupa Azoty S.A. At the same meeting, the Supervisory Board removed the previous President Mariusz Bober.   
Both resolutions, i.e. the resolution appointing the new President and the resolution removing the previous one, took effect on the date they were adopted. The previous President held the office for less than ten months starting from last February. 
Krótki opis wydarzenia

On December 14th, the list of stocks included in the tenth edition of the RESPECT Index was announced in the Listing Room of the Warsaw Stock Exchange. This year, the index included a record number of twenty five companies. It is Grupa Azoty S.A.’s enormous success to find itself among the eight companies that have been continuously included in the index since its launch in 2009.
The first Capital Market Forum was held on November 25th. The event took place at the Warsaw Stock Exchange and attracted over 300 investors, representatives of companies and speakers. Grupa Azoty was also present to collect the Business Sharks award. 
The conference, organised by inwestorzy.tv, was an occasion to meet and exchange experiences with investors, listed companies, business people and institutions associated with the Polish and foreign financial markets. The main partners of the event included WSE-listed Pfleiderer Group, Immobile Group and ABC Data.
Air Products and Grupa Azoty ZAK sign new contract for the supply of industrial gases
On November 23rd, Air Products, one of the largest suppliers of industrial gases in Poland, and Grupa Azoty Zakłady Azotowe Kędzierzyn S.A. of the Grupa Azoty Group, the second largest manufacturer of mineral fertilizers in the European Union, signed a long-term oxygen and nitrogen supply contract. Valid until the end of 2035, the contract is a continuation of the companies’ cooperation, dating back to 1997. By signing the contract, Air Products strengthens its position of a leading supplier of industrial gases for the key branches of Polish industry. 
The fifth edition of the ‘CHEMICAL INDUSTRY SUMMIT & AWARDS GALA’, an event organised by Executive Club in cooperation with PWC Polska, was held on November 21st 2016. Grupa Azoty became the main partner of the conference, which ended with the Diamonds of the Polish Chemical Industry Gala. The event was held under the honorary patronage of Jarosław Gowin, Deputy Prime Minister. 
The Process Dynamics and Control Laboratory opened at the Faculty of Chemical Technology and Engineering is an effect of cooperation between the West Pomeranian University of Technology (ZUT) in Szczecin and Grupa Azoty Zakłady Chemiczne Police S.A. The cost of the laboratory equipment was EUR 70 thousand.
The facility was created to address the need to educate students in the field of olefin production processes. It will also be used to improve employee qualifications, mainly of PDH Polska S.A., a special purpose vehicle of Grupa Azoty Police, established to construct a propane dehydrogenation (PDH) unit.

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