Grupa Azoty has launched the Idea4Azoty programme, a platform for exchanging highly innovative ideas. Regardless of their stage, submitted projects stand a chance of receiving full support – from subsidies of up to PLN 20m to infrastructure and consultancy services. The accelerator programme is the first initiative of this type on the Polish market. Its beneficiaries will include not only the chemical industry, but also providers of new technologies and services in such areas as environmental protection, agriculture, engineering and biotechnology. The programme was officially launched on November 17th 2017, during the second edition of the 590 Congress in Rzeszów.

KGHM Polska Miedź S.A. and Grupa Azoty have signed a letter of intent for cooperation in research and development. It marks the beginning of synergy between the chemical and mining and metallurgy industries at a world-class level.
The cooperation agreement provides for development of technologies for physical, chemical and thermal processing of minerals. Both companies are international leaders in their industries.

Grupa Azoty S.A. and Ursus S.A. have signed a letter of intent to cooperate in the joint development and implementation of efficient farming projects and the use of hydrogen as a source of energy for fuel cells powering electric motors. The companies will also work together on promoting and implementing educational projects.

The Grupa Azoty Group and the National Contact Point for the Horizon 2020 Programme have signed an agreement on close cooperation. The aim of the agreement is to increase the participation of the Grupa Azoty Group, partner companies and research institutions in the Horizon 2020 EU Framework Programme, to lend support in applying for grants, finding consortium partners and implementing projects, as well as in promoting the programme and the Group’s potential.

In its consolidated financial statements for Q3 2017, the Grupa Azoty Group reported revenue of nearly PLN 2.2bn, up 10% year on year. With EBITDA of more than PLN 255m (up by nearly 77% y/y) and net profit above PLN 75m (PLN 5m for Q3 2016), the Group has a positive view on its performance in Q3 2017.

In its consolidated financial statements for the first half of 2017, the Grupa Azoty Group reported revenue of PLN 4.87bn (up 5% y/y), with EBITDA in excess of PLN 714m (up by close to 3% y/y) and net profit at PLN 378m (up 7% y/y). The improvement in performance continued to be driven by the Plastics segment, which together with the Pigments segment entirely offset the trends affecting the gas-reliant segments.