Azoty separates the past with a thick line. The president announces transformation and recovery

Regardless of Azoty's restructuring needs, the future looks very positive, said Marcin Celejewski, president of the company, on Wednesday during the European Economic Congress.

During the ECE panel on business transformation, Celejewski was asked about the group's perspective. As he specified, he sees transformation as an evolutionary process in which the company adapts to changes and prepares to take advantage of opportunities in the context of its own capabilities. However, it is separated from this by the restructuring component.

– When it comes to the Azoty group, the biggest problem we are struggling with today is actual restructuring, which results from irresponsibly incurred, overscaled liabilities in unsuccessful investments due to a misreading of the directions in which the market will go – said Celejewski.

In the context of the need for transformation, the president recalled that Azoty is the second chemical and fertilizer concern in Europe, employing 14,000 people in 54 companies. people and producing a very high-quality product competitive in Europe, manufactured using sophisticated circular economy technologies.

He noted that the company has access to technology, markets, and is a very strong local and European brand, so it begs – and Azoty is implementing this – to integrate values ​​around the key recipient. He specified that the idea is to create a platform, both physical and digital, connecting the value chain related to both the farmer and agricultural production.

– From this perspective, the future looks very positive. Of course, we cannot ignore the issue of restructuring, but we have a lot of potential to transform our business today, taking advantage of the changes that are taking place on the market – noted Celejewski.

In his opinion, there is no such transformation culture in Poland as in the Anglo-Saxon sphere, where transformation is a natural process of implementing changes and taking advantage of emerging opportunities. In this context, he indicated changes to make the future attitudes of staff in the educational system more flexible.

Grupa Azoty is a joint-stock company in which the State Treasury owns 33%. shares. It is the second largest producer of nitrogen and compound fertilizers in the EU. It is the only melamine producer in Poland. It also produces products such as polyamide, OXO alcohols, plasticizers and titanium white.

At the end of the third quarter of 2025, Grupa Azoty had a total debt of PLN 4.3 billion. In March, the general meeting agreed to increase the company's share capital at the request of the State Treasury. Another element of corrective actions is the agreement signed on April 1 to sell GA Polyolefins, which is implementing the Polimery Police investment, to Orlen. The transaction allows for financing the debt and other liabilities of the subsidiary. Currently, Grupa Azoty is conducting negotiations with financial institutions regarding debt restructuring. (PAP)

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