The Industrial Development Agency (Agencja Rozwoju Przemysłu S.A.), Polska Grupa Zbrojeniowa S.A., Grupa Azoty S.A., and MESKO S.A. have signed a letter of intent to expand explosives production capabilities.  

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.

Grupa Azoty’s financial results for Q3 align with estimates published on October 25. In Q3 2024, the Group reported consolidated sales revenue of PLN 3,085 million and an EBITDA result of minus PLN 120 million, with an EBITDA margin of minus 3.9%, reflecting an improvement of nearly PLN 228 million compared to the same period last year. The net loss for Q3 was reduced year-over-year by PLN 517 million to PLN 226 million, compared to a loss of PLN 743 million in Q3 2023.

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.

The Kędzierzyn-Koźle-based subsidiary of Grupa Azoty has signed an agreement with the National Centre for Research and Development (NCBR) to secure funding for a project entitled “New Biodegradable Polylactide Formulations Plasticized with Bioplasticizers, Preparation of Materials in Granule and Film Form, Digitalization and Automation of Laboratory Processes.” The funding amounts to PLN 3.2 million, which represents 55% of the project’s eligible expenses.

Grupa Azoty Kędzierzyn has submitted a criminal complaint alleging misconduct related to research and development projects outsourced to external entities in 2021–2022. The complaint claims that the company received information during the projects’ execution that the activities were futile, yet expenses continued to be incurred. According to the filing, the estimated financial loss to Grupa Azoty Kędzierzyn from these projects is approximately PLN 10.7 million.