Grupa Azoty
| Grupa Azoty SA
|
|
|---|---|
 |
|
| legal form | Spółka Akcyjna |
| ISIN | PLZATRM00012 |
| Seat |
Tarnow , Poland
|
| management | Wojciech Wardacki ( Chairman of the Board ) Tomasz Karusewicz ( Chairman of the Supervisory Board ) |
| Number of employees | 15,607 |
| sales | 11.3 billion PLN (2.6 billion euros ) |
| Branch | Chemical industry |
| Website | www.grupaazoty.com |
| As of December 31, 2019 | |
The Grupa Azoty SA (formerly Zaklady Azotowe w Tarnowie-Mościcach SA ) is a Polish chemical company with headquarters in the district Mościce the small Polish town of Tarnow .
Grupa Azoty is the only manufacturer in Poland of polyoxymethylene under the Tarnoform trade name and of polytetrafluoroethylene under the Tarflen trade name.
The company's share is traded on the Warsaw Stock Exchange and is listed in its WIG30 leading index.
Products
- Raw material caprolactam for plastics production 34%
- Plastics 25%
- Nitrogen fertilizer 31%
- Chemicals 7%
- Catalysts 1%
The group sells the majority of its production in its own country (49.8% of total sales, as of 2019). Germany dominates the export markets (7.9% share of sales), other countries of the European Union (27.7%). Other markets are Asia (3.5%) and South America (2.9%); the remaining markets account for 8.2%.
history
After the founding decision in 1927, the United Nitrogen Factories were created in Mościce and Chorzów in 1933. During the Second World War , the Germans took over the company and renamed it Moscice nitrogen works. In the 1950s, plants for the production of caprolactam, polyamide , polyvinyl chloride (PVC), acrylonitrile and Teflon were built.
The company was transformed into an AG of the Treasury in 1991. In 2005 the ministry transferred 80% of the shares to Nafta Polska. A year later, privatization negotiations began with the German PCC , which had offered 365.8 million zlotys for 80% of the shares.
In June 2008 the company went public on the Warsaw Stock Exchange . On June 18, 15.1 million series B shares were sold for 19.50 zloty each to eleven institutional investors (about 11 million shares) and 860 small investors (about 4 million shares), making the company 295 million zloty took. The institutional investors included Polskie Górnictwo Naftowe i Gazownictwo (Polish Oil and Gas Company, PGNiG, 4 million shares or 10% of the shares) and the chemical company Ciech , which bought 2.56 million shares.
Labor relations
The factories have an employee council and the following unions (membership 2006):
- NSZZ Solidarność 632
- NSZZ Pracowników ZAT SA 462
- Autonomiczny Związek Zawodowy Pracowników ZAT SA 154
- Związek Zawodowy "KONTRA" 55
- Związek Zawodowy Pracowników Ruchu Ciągłego ZAT SA
According to the Privatization Act, in companies with over 500 employees - even if the Ministry of State Assets holds less than half of the shares - employees must be allowed to send at least two members to the supervisory board and at least one member of the management board.
Shareholder structure
The capital of the company is 495977420.00 PLN and distributed to a total of 99,195,484 bearer of the series AA, B, C and D to a nominal value of 5.00 PLN.
| Shareholders | Number of shares held | Share in the share capital | Share of voting rights |
|---|---|---|---|
| Polish state | 32,734,509 | 33.00% | 33.00% |
| ING OFE (open pension fund) | 9,883,323 | 9.96% | 9.96% |
Norica Holding S.à rl (subsidiary of the Russian ACRON group), of which
|
19,657,350
|
19.82%
|
19.82%
|
| Towarzystwo Funduszy Inwestycyjnych PZU SA | 8,530,189 | 8.60% | 8.60% |
| Free float | 28.390.113 | 28.62% | 28.62% |
Web links
- Website of the ZA Tarnów-Mościce (Polish)
Individual evidence
- ↑ a b c d e Skonsolidowane sprawozdanie finansowe Grupy Kapitałowej Grupa Azoty za okres 12 miesięcy zakończony 31 grudnia 2019 roku przygotowane zgodnie z Międzynarodowymi Standardami Sprawozdawczości Finansowej, które zostały zatwierdzone przez Unie EUROPEJSKA. April 7, 2020, accessed April 22, 2019 (Polish).
- ↑ Gazeta Wyborcza, June 19, 2008, p. 24
- ↑ a b Sprawozdanie Zarząduz działalności spółki GrupaAzotySpółka Akcyjna oraz Grupy Kapitałowej Grupa Azoty za okres 12 miesięcy zakończony 31 grudnia 2019 roku. April 7, 2020, accessed April 22, 2019 (Polish).