Grupa Azoty Zakłady Chemiczne “Police” S.A. made its debut on the Warsaw Stock Exchange on 14 July 2005, which marked the beginning of a new chapter in the history of Police, a period when the company had to face the challenge of a demanding and volatile market and implement an ambitious restructuring plan when it was on the brink of ruin in 2005. This translated into record high revenue and profit in the recent years in addition to enabling the company to launch new investment projects. Today, this efficient enterprise is an integral part of the Azoty Group.

 

The IPO on the Warsaw Stock Exchange provided us with access to capital, which in turn opened up greater opportunities for the company. The support offered by investors enabled the company’s further growth, not only organic but also one based on the assumption that its position will be strengthened through acquisitions, says Krzysztof Jałosiński, Chairman of the Management Board of the Azoty Police Group.

 

Sale of 66% of shares to Grupa Azoty S.A. (in 2011), which assumed the role of Polish chemical industry consolidator, was a landmark event in the history of Police. Thus, the plant located in Police became actively involved in building the Azoty Group, one of the largest chemical companies in Europe, and is now faced with the challenge of strengthening its global position. To this end, the Azoty Group has adopted a six-year investment plan, which will cost it ca. PLN 7 billion.

 

Since 2011, the Azoty Police Group, which is the second largest plant in the structure of the capital group, has been managed by Krzysztof Jałosiński holding at the same time the office of Vice-President of the Azoty Group. Last year, the company generated revenue of PLN 2.5 billion and net profit of PLN 42 million.

 

At the same time, the Management Board of Police launched several strategic investment projects, with construction of propylene PDH production facility along with a power unit and a chemical terminal in the company’s own port in Police, worth almost PLN 1.7 billion, being the major one. The scale of this flagship project is comparable to that of construction of another plant in Police. For that reason the facility, which, when commissioned in 2019, will be the most state-of-the-art plant of this type in Europe, was named “Police 2”. The investment is part of the European reindustrialization process. It will also enable the Azoty Police Group to increase its revenue by ca. PLN 2 billion and generate a considerably higher net profit.

 

Over the past few years, the company has also focused on organic growth, i.e. construction and modernization of the flue-gas cleaning system and Power Plant boilers as well as ammonia facility and reactors, on which it spent hundreds of millions zlotys.

 

Sustainable growth and ongoing efforts have increased the value of our company. I am satisfied with such good performance as it guarantees security also to our investors. Implementation of the 2014-2020 Operationalization Strategy will additionally increase return on investment for the shareholders. Over the past decade, the price of our shares has gone up by more than 120% and we hope that this trend will continue, adds Krzysztof Jałosiński.

 

The success achieved by the Management Board of the Azoty Police Group has been recognized by business and industry associations. In 2014, the company received the “Golden Share” award in the 3rd edition of the TSR Ranking. As the value of Police rose by 230% between 2011 and 2013, the company tops the list of the best companies whose shares are held by the State Treasury. It has also been bestowed with the “Business Pearl” award.

 

Grupa Azoty Zakłady Chemiczne Police S.A. is one of the largest chemical companies in Poland, which operates within the structure of Grupa Azoty S.A. It stands out in the sector as the owner of a unique titanium white production facility on the Polish market, large-scale manufacturer of ammonia, phosphoric and sulfuric acid as well as a major manufacturer of mineral, multi-component fertilizers. As ca. 50% of its output is sold on international markets, the company is one of the leading Polish exporters. Having acquired 55% of shares in African Investment Group, Dakar, which had access to phosphate rocks and ilmenite sand deposits in Senegal, in 2013, Police became the first Polish company with its own resources.

 

AK