Minister of Treasury at Polska Chemia Congress

| About Us |

Polska Chemia 2014 Congress was held on June 12th and 13th, 2014 in Puławy Science and Technology Park. It was one of the most important events in the Polish chemical sector this year. The special guests of the Congress were the Minister of Treasury Włodzimierz Karpiński and Kurt Bock Ph.D, the Chairman of BASF SE and of the European Council of Chemical Industry.

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The Minister of Treasury in Puławy

| Prospects & Investment |

Włodzimierz Karpiński, the Polish Minister of Treasury, visited “PUŁAWY” to attend the ceremony of completing the first stage of New Fertilizer Complex, an essential investment for our Works.

Finalizing investments in Puławy

During his visit in Puławy, the Minister participated in the opening ceremony of the most modern flue-gas desulfurization installation in Europe and the third flue-gas desulfurization installation using wet scrubbing with ammonia in the world; as well as two installations in New Fertilizer Complex – an installation for liquid fertilizers with sulfur PULASKA (190,000 tonnes per year), RSMS, and logistics center for granulated fertilizers. The total budget of the first stage of the investment was 360 million PLN.

The Minister stressed the fact that the finalized investments serve as a proof of good and wise management of “PUŁAWY”. In his opinion, such projects prove that the Company Board focuses on profitability.

Investments as the key to success

The Minister expressed strong approval of such consistent investment policy. In his view, new installations mean first of all new jobs and stability in the future. Mr. Karpiński believes that the investment projects finalized in Puławy confirm the strong position of Polish economy on a European as well as global scale.

During his visit in Puławy, the Minister emphasized the fact that such investment is invaluable in the time of economic downturn and crisis on the global markets.

Mr. Karpiński drew attention to the fact that building a new installation is not an art in itself, but making wise market analysis and launching investments responding to market needs is a true achievement. He believes that all projects in progress in Puławy respond to market demand and make the company more competitive internationally. They also improve the efficiency of production, thus bringing more revenue and higher profits.

The Minister of Treasury added that thanks to investments in “PUŁAWY”, experts in Western Europe have an excellent opinion about fertilizer-chemical sector and Grupa Azoty itself, which is the flagship of the Polish economy.

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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.

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