Grupa Azoty S A : In view of stabilising gas prices on European market in January, Grupa Azoty updates its price lists for fertilizer products
February 01, 2023 at 06:08 pm IST
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31.01.2023
In view of stabilising gas prices on European market in January, Grupa Azoty updates its price lists for fertilizer products
Given a stabilisation of natural gas prices on the European market seen in January, despite strong year-on-year increases in the prices of other fertilizer production inputs, including electricity, coal, phosphate rock and potassium chloride, the Grupa Azoty Group has decided to lower its prices of fertilizer products with effect from February 1st 2023.
This is another significant price revision by the Polish manufacturer in response to changing market conditions, following a similar one in October 2022. The decision will be reflected in the fertilizer price lists applied by our countrywide authorised distributors, listed at: https://grupaazoty.com/autoryzowani-dystrybutorzy.
Grupa Azoty has set monthly product prices for February 2023.
The Company further notes that an expected increase in the volume of orders ahead of the peak season of fertilizer application may cause difficulties beyond the Company's control with third-party transport and logistics.
Grupa Azoty SA published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2023 12:37:03 UTC.
Grupa Azoty SA is a Poland-based producer of chemical products. Its products portfolio is divided into five segments. Fertilizers segment includes manufacturing and sales of nitrogenous fertilizers (urea, nitrate, ammonium nitrates, ammonium sulphate nitrate, a mixture of ammonium sulphate and urea, ammonium sulphate), compound fertilizers, ammonia; Plastics segment is engaged in manufacturing and sales of polyamide 6 (Tarnamid, Alphalon), polyacetal (Tarnoform), caprolactam; OXO segment includes manufacturing and sales of alcohols (2-ethylohexanol, n-butanol, isobutanol, octanol F) and plasticizers, such as bis(2-ethylhexyl) phthalate, diisobutyl phthalate, among others; Pigment segment is engaged in manufacturing and sales of titanium white, Tytanpol; Other Activities segment includes energy, laboratory services, catalysts, rental of properties. The Company operates through subsidiaries, including Grupa Azoty ZAK SA, ATT Polymers GmbH, Zaklady Chemiczne Police SA, among others.