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%.
On March 9th 2023, the Management Board of Grupa Azoty Zakłady Azotowe Puławy S.A. made the decision to suspend production of caprolactam (Plastics segment) and the operation of the Melamine III unit (Agro Fertilizers segment) from March 10th 2023 due to the prevailing supply and demand situation in the European market.
The largest companies making up the Grupa Azoty Group have selected a total of six Ambassadors to represent the brand within the academic community in the newest edition of the Grupa Azoty Brand Ambassador Programme. The main theme this year is ‘Grupa Azoty as the employer of choice’.