Increasing our presence in Brazil

| Prospects & Investment |

At the end of June Grupa Azoty and Comexport, a Brazilian company, signed a contract in Kraków. The agreement is another step towards our increased presence in the Western hemisphere.

Activity in South America

The agreement concerns the purchase of polyamide by the Brazilians, who use it for the production of construction fibers and for other purposes. The polyamide shall be manufactured in a new plant in Tarnów, with annual capacity of 80,000 tonnes. The launch of the installation is scheduled for Q4 2016.

Thanks to this agreement, it will also be possible to analyze the possibility of processing this material in Brazil. The cooperation with Comexport is a continuation of previous common activity. On the basis of the deal from 2013, fertilizers from Puławy, Tarnów and Police shall be sold to Brazil over the next 3 years’ time. The value of the contract is 360 million PLN.

Developing international cooperation

Such activities lead to increased presence of Grupa Azoty outside the European Union. The Brazilian market is one of the fastest-growing in the world, with its potential increasing year by year. Thanks to the agreement which has been signed, it will be possible to fulfill two important goals of Grupa Azoty: expand its market for products manufactured by the new plant in Tarnów, and create partnerships for new joint business projects.