At its meeting on December 4th 2020, the Supervisory Board of Grupa Azoty S.A. resolved to appoint  Filip Grzegorczyk as Vice President of the Management Board of Grupa Azoty S.A., with effect from December 15th 2020.

Currently, foundation works are continued on all sub-projects, the construction of pipe racks is keep going, as well as hydrotechnical works in the port and assembly of propane and ethylene tanks. The total progress achieved 32% of the full scope of the EPC contract.

Extraordinary General Meeting of Grupa Azoty Polyolefins S.A. increased the company's share capital to PLN 922,968,300. Grupa LOTOS and Korean partners - Hyundai Engineering Co., Ltd and Korea Overseas Infrastructure & Urban Development Corporation contributed funds to cover new shares in Grupa Azoty Polyolefins S.A. After the registration of the share capital, together with Grupa Azoty S.A. and Grupa Azoty Zakłady Chemiczne "Police" S.A. will become shareholders of the company implementing the "Polimery Police" project.

On November 13th 2020, the Supervisory Board of Grupa Azoty S.A. resolved to appoint Mr Tomasz Hinc as President of the Grupa Azoty Management Board, with effect from December 1st 2020.

The Grupa Azoty Group booked a second-quarter net profit of PLN 57m, up PLN 22m year on year. Consolidated revenue came in at PLN 2,269m in the second quarter, which is PLN 469m less than in the corresponding period of 2019. EBITDA stood at PLN 315m, with EBITDA margin at 13.9%, a year-on-year increase of PLN 29m and 3.4pp, respectively.

Grupa Azoty S.A., Grupa Azoty ZCh Police, Grupa Azoty Polyolefins, Grupa LOTOS, Hyundai Engineering Co., and Korea Overseas Infrastructure & Urban Development Corporation (KIND) have signed agreements for the financing of the Polimery Police project. Also, Grupa Azoty Polyolefins, the SPV formed to implement the project, which is of key importance to the entire chemical industry, has signed a credit facility agreement with a syndicate of domestic and foreign financial institutions.