“The Board of Directors of Grupa Azoty Zakłady Azotowe Puławy SA (…) informs that on November 9, 2023 Due to technical problems Melamine II installation was discontinued for renovation. Therefore, taking into account the previous restrictions on adapting the production volume to the market situation, Currently, the company does not produce melamine. “Existing orders will be fulfilled from stock,” the company wrote in an announcement to the stock exchange.
Nitrogen stops melamine production
He added that the company will announce the resumption of production in subsequent current reports.
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Melamine is used to produce melamine resins used in the production of decorative laminates, wood panels, adhesives, paints and varnishes. It is also used in the automobile, textile and paper industries, as well as in the production of plastics for the electrical industry and the production of household appliances.
Grupa Azoty ranks second in the EU in the production of nitrogen and multicomponent fertilizers, and – as it states on its website – a strong market position for products such as melamine, polyamides, oxo-alcohols, plasticizers and titanium white.
The capital group includes more than 50 companies Located in Poland and around the world, including: Grupa Azoty SA (parent company headquartered in Tarnów), Grupa Azoty Zakłady Azotowe “Puławy” SA, Grupa Azoty Zakłady Chemiczne “Police” SA, Grupa Azoty Zakłady Azotowe Kędzierzyn SA
The state giant increases its losses
Grupa Azoty, a chemical giant controlled by the state treasury, recorded a net loss of PLN 740 million in the third quarter. This increased the negative result for the full year to PLN 1.8 billion. The company explained in a statement, “In the third quarter, the decline in product prices did not compensate for the decline in prices of raw materials.”
The negative reading occurred though, as the company stated in a press release, The third quarter is a period of increased demand In the agricultural sector, and partly in the chemicals sector – especially with regard to the previous quarter. The company indicates that the volume of production increased and at the same time the stock of fertilizers decreased.
So where does the loss come from? One reason is prices. In the case of most Capital Group companies’ products, they were at a lower level than last year. Obviously, because On average by 52 percent
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