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.

50% of material progress was achieved by the largest investment of the Polish chemical industry - the "Polimery Police" project.

On February 25th 2015, Grupa Azoty Polyolefins S.A. received a confirmation from Bank Pekao S.A., acting as the Facility Agent, that the conditions precedent under the Credit Facilities Agreement had been fulfilled. As a result, Grupa Azoty Polyolefins S.A. may now, subject to specific conditions for the first drawdown on each Facility and additional conditions for each disbursement, which do not differ from standard terms and conditions applicable to similar financing arrangements, apply for disbursement of funds under the Credit Facilities to finance the Polimery Police project. Thus, the last stage of the process to raise debt financing for the project has been successfully completed.

Between the late hours of Monday and early hours of Tuesday, a 96-metre-tall propane-propylene splitter was safely transported to the construction site of the Polimery Police plant. The logistic operation was successfully completed after almost four hours, marking the achievement of a key project milestone.

The Polimery Police project has entered a key construction phase as regular deliveries of large equipment needed to start up the project units commenced on January 17th. One such piece of equipment is a tank that will store propylene obtained through propane dehydrogenation. Preparations are also under way to receive the largest appliance, which is a propane-propylene splitter with a total weight of over 890 tonnes.