The agreement to be signed between Grupa Azoty S.A. and all companies within its Capital Group strengthens and standardizes the principles of cooperation on areas such as integration processes, joint project management, restructuring, cost optimization, and information exchange. The Management Board of Grupa Azoty S.A. has resolved to approve the signing of this integration agreement, initiating the process of formalizing the document between Grupa Azoty S.A. and each of its affiliated companies.

This initiative stems from ongoing efforts toward restructuring and transforming the Group into a cohesive, cost-effective entity with a strong position in the European fertilizers, plastics, and OXO product markets. AZOTY BUSINESS aims to establish an integrated, cost-efficient Capital Group with a strong European market position across its Fertilizers, Plastics, and OXO segments. The launch of this Program marks the completion of the initial phase of corrective actions, yielding approximately PLN 350 million in cost savings across the Capital Group from late March to the end of October, through optimized supervisory structures, organizational frameworks, compensation, sponsorships, public relations, and management costs.
a Azoty Launches the AZOTY BUSINESS Program

Following discussions and negotiations with banks, Grupa Azoty Polyolefins has signed an Amendment to the Stabilization Agreement dated December 15, 2023, related to the financing of the Polimery Police project. This agreement, which extends financing terms until October 31, was signed with 15 financial institutions.

Grupa Azoty has expanded its portfolio with a new version of RSM®, a popular urea-ammonium nitrate solution, now enhanced with copper, boron, and molybdenum. Importantly, the light blue color of the new RSM® OPTIMA will help farmers easily identify the product’s country of origin, as Grupa Azoty will be the only producer offering RSM® in this color. This measure addresses the challenge of fertilizer imports, which are often of questionable quality; for example, the practice of diluting fertilizer with water results in products that fail to maintain the specified concentration.

Hyundai Engineering Co., Ltd., the General Contractor for the Polimery Police project, has submitted two proposed amendments to the EPC contract. Notably, Grupa Azoty Polyolefins is currently negotiating with the General Contractor regarding the final settlement of the Polimery Police project, aiming to reach an agreement on mutual claims. As part of these negotiations, Grupa Azoty Polyolefins informed the General Contractor of its position and evaluation concerning the previous amendment proposals submitted in 2023 and February 2024. Based on the documents and information provided, Grupa Azoty Polyolefins has largely found no grounds to accommodate the contractor’s claims from 2023 and February 2024.

Grupa Azoty Polyolefins has extended the terms of the Stabilization Agreement, originally dated December 15, 2023, and later amended, concerning the financing of the Polimery Police project. The agreed-upon financing conditions provided by financial institutions will now remain in effect until September 30 of this year.