Azoty Group in the European lead

| Foreign Markets |

Owing to the approval of the European Commission, the merged “PUŁAWY” and Azoty Tarnów will become the second largest player on the chemicals market in Europe.
professional writing service

Together we can do more

Consolidation of the assets of both companies in Azoty Group is the new trademark of Polish chemical industry on the international market. Due to the merger, the output capacity of the whole corporation will increase, while its offer will become more attractive. It is worth reminding that Pulawy Company is the only manufacturer of melamine in Poland and the third in the world, while melamine is crucial for the production of laminates, glue and paint. In addition, both Azoty Tarnów and “PUŁAWY” are the only Polish manufacturers of caprolactam, which is used for producing plastics.

Our voice is important

After years of successful activity of Pulawy Company in international associations in the sector, Azoty Group is set to take over as a professional voice on the international forum. Representatives of our company participate in meetings of the International Fertilizers Industry Association and the European Petrochemical Association, to which “PUŁAWY” belongs.

Furthermore, the Chairman of the Board of “PUŁAWY”, Paweł Jarczewski, is the Vice President of Fertilizers Europe, the largest association of fertilizers manufacturers on the Old Continent. Thanks to participation in such non-governmental organizations and synergistic effects, Pulawy Company  and Azoty Tarnów will be able to do even more to further the interest of the Polish chemical industry.

Read more →

A go-ahead for the consolidation

| About Us |

On the 18th of January 1930, the National Nitrate Fertilizers Factory opened in Tarnów. 83 years later, the European Commission issued an approval for the merger of Pulawy Company and Azoty Tarnów. A new chapter in the history of Polish chemical industry began.

Patience pays off

The preparations for the merger had continued for a long period of time, and yet the milestone in the process was the signing of the consolidation agreement on the 20th of September 2012. Since January 18th, the merger has been sure to succeed. The European Commission had received no remarks concerning serious doubts in connection with the planned merger of the two enterprises. From this moment on, Azoty Group, which has formally existed since the 5th of December 2012 r., has also included one of the main companies from the Great Chemical Synthesis sector – “PUŁAWY” Capital Group.


Mutual benefits

The key added value coming from the consolidation is synergistic effect. The increase of the value of the merged companies brings tangible benefits not only for the shareholders. First and foremost, Azoty Group is going to be the leader on the Polish fertilizers market and the second biggest such entity in Europe. Moreover, the merger of the enterprises will help increase the efficiency of operations, including lower cost of resources (coal, electricity, natural gas), their transport (Azoty Tarnów has sourced ammonia from Police, now it will be possible to send it from Puławy, which is nearer than Police), development of a distribution network and increasing the joint portfolio of products. Those assets will enable the Group to improve its position and competitive edge on the market of tenders organized in Poland, Europe and the whole world.


Efficiency first

Both companies are not only important players on the global chemicals market, but also well-managed enterprises. In the last two years they have worked up impressive financial results. In financial year 2011/2012, the profit of “PUŁAWY” reached 600 million PLN, the highest in the company’s history, while the profit of Azoty Tarnów was 500 million PLN in 2011. The Minister of Treasury Mikołaj Budzanowski, commenting on the European Commission’s decision, expressed an opinion that it is a confirmation of the judicious direction of development of the Polish economy, aiming at consolidation in the chemical sector. The Minister has highlighted the fact that since the consolidation began, the joint value of both companies’ stock reached 1.7 billion PLN, rising by 38%. This marks good forecast in the context of operating results of Azoty Group and return on investment for shareholders. Are we able to face the challenges of contemporary chemicals market? There can only be one answer: “Yes, we can!”

Read more →

Developing a consolidation strategy

| About Us |

February 21st 2013 saw the launch of a consolidation project pursued jointly by the Azoty Group and Pulawy Company with the aim of laying strong and stable foundations for the largest group in the Polish chemical sector. The project is being carried out pursuant to the Consolidation Agreement concluded between the two entities, based on best practice developed by the Boston Consulting Group (BCG), an international adviser on business strategy.

Involved in the project implementation are the Azoty Group and Pulawy Company employees. Its participants have been divided into a dozen or so thematic groups, each preparing an analysis of the current situation, identifying potential synergies and designing key strategic measures to be implemented in their respective areas of focus. As an adviser, BCG is providing the teams with technical and expert support, while coordinating the consolidation processes at the respective companies.

The kick-off meetings were held on February 21st 2013 in Tarnów, at the Azoty Group's office. The successive meetings will be held alternately in Puławy and Tarnów.

Read more →

Azoty Group on partnership rules

| Polish Market |

The formation of a new chemical Group has begun; our Company will constitute a part of this Group. We are glad to hear that the Ministry of Treasury has made the principles of equality and partnership of the parties the key elements of the merger. An agreement between “PUŁAWY” and Azoty Tarnów will guarantee both parties the possibility of creating a new strategy, structure and corporate governance of the newly formed Azoty Group on the basis of equality.

Read more →

“PUŁAWY” in a prestigious index

| Prospects & Investment |

WIGdiv is an ellite index comprised of 30 dividend-paying companies and published by Warsaw Stock Exchange. After the latest update of the index, the management of WSE has informed that our company has appeared on the list. We are on the 14th place.

Another point worth noting is the fact that we are the only company representing the chemical sector listed on the index. Also, our Company have managed to achieve a higher position than such companies as Budimex (16th place), Agora (20th place) or Śnieżka (24th place).

Read more →

Azoty Group almost here – an agreement signed

| Prospects & Investment |

Together with Azoty Tarnów we have made another move towards becoming a uniform group of chemical companies. We have signed an agreement which defines the rules of cooperation and conducting negotiations regarding the Consolidation Agreement based on which a leading regional chemical company and a major player on the European fertilizers’ market will be formed.

In the agreement we agreed on the name for the newly formed entity, which shall be called Azoty Group.

Read more →