Letter from the President of the Management Board
Ladies and Gentlemen,
on behalf of the Management Boards of the Grupa Azoty Group companies, we present to you our integrated report for 2020.
The twelve months of 2020 were full of new challenges, mainly caused by the COVID-19 pandemic.
On behalf of the entire Grupa Azoty S.A. Management Board, I extend my sincere thanks to everyone involved in the preparation of this report, and kindly invite the readers to get acquainted with its contents. I hope that our company’s activities described in it will meet with your appreciation. Tomasz Hinc
The aim of the Polimery Police project, implemented by Grupa Azoty Polyolefins, is to build an integrated chemical complex comprising a propylene unit, a polypropylene unit, a handling and storage terminal, logistics infrastructure and auxiliary units. The project will enhance Poland’s position in the plastics segment, putting our country at the forefront of polypropylene production in Europe and positioning it as the largest PP producer in Central and Eastern Europe. Polimery Police will create almost 400 new jobs within the company and additional jobs locally, related to transport of polypropylene, plant maintenance, etc. The project is scheduled for completion in 2023.See more
The Grupa Azoty Group at the time of the COVID-19 pandemic
In 2020, the activities we engaged in connection with the pandemic focused on three areas: safety of our employees, safe continuity of production, and assistance provided to third parties. In March 2020, i.e. at the very beginning of the epidemic, special teams were established at the Grupa Azoty Group companies to coordinate activities in all areas of response to the effects of the COVID-19 situation.Read more
The formula of Fosfarm fertilizers has been designed to minimise the use of the product and maximise its effectiveness. They are enriched with calcium, magnesium, sulfur and micronutrients, that is copper and zinc, which significantly contribute to improving soil quality. Fosfarm fertilizers contain ammoniacal nitrogen, magnesium and sulfur as components facilitating absorption of phosphorus by plants, i.e. stimulating what is called synergism between elements. The phosphorus contained in the fertilizers is soluble in ammonium citrate and water (one-fourth of the phosphorus is water soluble). Phosphorus compounds soluble in those two substances show comparable effectiveness regardless of when they are applied, provided they are placed at the correct depth in the soil.
The efficiency of the product also depends on how it is used. We therefore provide our customers with leaflets containing information about how and when to use Fosfarm fertilizers in the best possible way. The leaflets contain advice on the optimum doses of the product, and show the periods that are critical to plant growth (when the product should be used). Those materials also have an added educational value, explaining the source of fertilizer application at a given time of the plant’s life cycle, as well as the expected effect of fertilizer application.
Being aware that natural resources are not unlimited, we are attaching more and more importance to using them in a sustainable and responsible manner. A by-product of one process may become the basis for another. With this in mind, we have developed Fosfarm fertilizers. The phosphorus content, as well as the calcium, magnesium and micronutrients, come from regenerative sources only, including sewage sludge incineration ash.
Each component of the product, including its packaging, should be reusable and therefore the packaging of the Fosfarm line has been designed to be recyclable. To facilitate segregation, it has been marked with appropriate signs.
Grupa Azoty Group financial performance in 2020
Despite the challenging market conditions and the need to quickly adapt to the new market reality brought by the coronavirus pandemic, the Grupa Azoty Group was able to deliver good financial performance in 2020.
Our consolidated revenue in 2020 was PLN 10.5bn. Among the key factors driving the revenue were higher sales in the Agro Fertilizers segment and lower demand on the target markets of the Chemicals and Plastics segments.
Source: Company data * Financial data restated in accordance with the information presented in Section 2.4 of the Supplementary information to the consolidated financial statements.
Overview of the Group
The Grupa Azoty Group is Polands largest manufacturer of chemicals and fertilizer products and one of the most recognisable names in this industry in Europe.Read more
Business model and our values
We want Grupa Azoty Group’s operations to stimulate growth of the Polish chemical sector and related industries.Read more
Our approach to innovation
Innovation is of strategic importance to us – it is part of the Grupa Azoty Group’s mission and future.Read more