Grupa Azoty Polyolefins files arbitration claim against project contractor, seeking up to EUR 2.98 billion
On 30 December 2025, Grupa Azoty Polyolefins filed a statement of claim in arbitration proceedings with the Vienna International Arbitral Centre (VIAC) at the Austrian Federal Economic Chamber against Hyundai Engineering Co., Ltd. The dispute concerns the performance of the contract dated 11 May 2019 for the comprehensive execution of the Polimery Police Project. The claim covers demands with a total value of up to EUR 2.98 billion, arising — in the Company’s view — from the contractor’s failure to perform its contractual obligations, which resulted in the project not being completed.