Organisational structure
General information on the Group and its parent
Organisation and structure
Parent
Grupa Azoty S.A. is the parent of the Group. Its principal business activities include manufacturing, trading in and service activities related to nitrogen fertilizers, engineering plastics and intermediates.
The Company operates its own R&D facilities which focus both on research into new products and technologies, and on advancing the existing products.
Grupa Azoty S.A. has been listed on the Warsaw Stock Exchange since June 30th 2008. It is included in the WIG, WIG30, mWIG 40, WIG-Poland, and WIG-CHEMIA indices, as well as the Respect Index. Its shares are also included in foreign indices: MSCI Emerging Markets, FTSE Emerging Markets, and FTSE4Good Emerging Index.
The parent’s principal place of business is located at ul. Kwiatkowskiego 8 in Tarnów, Poland. Since April 22nd 2013, the Company has been trading under its new name Grupa Azoty Spółka Akcyjna (abbreviated to Grupa Azoty S.A.).
Grupa Azoty S.A. is an integrated manufacturer of polyamide 6, marketed as Tarnamid®; it also specialises in the manufacturing of nitrogen fertilizers (nitrogen-sulfur and nitrate).
The Group is one of Central Europe’s major chemical groups with a strong presence on the market of mineral fertilizers, engineering plastics, OXO products, and other chemicals.
The Group has brought together companies with different traditions and complementary business profiles, seeking to leverage their potential to deliver a common strategy. This has led to the creation of Poland’s largest chemical group and a major industry player in Europe. Thanks to its carefully designed structure, the Group offers a diverse product mix, ranging from nitrogen and compound fertilizers, engineering plastics, to OXO products and melamine.
As at December 31st 2016, the Grupa Azoty Group (the “Group”) comprised Grupa Azoty S.A. (the “parent”) and the following nine subsidiaries:
- Grupa Azoty Zakłady Azotowe Puławy S.A. (Grupa Azoty PUŁAWY),
- Grupa Azoty Zakłady Azotowe Kędzierzyn S.A. (Grupa Azoty KĘDZIERZYN),
- Grupa Azoty Zakłady Chemiczne Police S.A. (Grupa Azoty POLICE),
- Grupa Azoty ATT Polymers GmbH,
- Grupa Azoty Polskie Konsorcjum Chemiczne Sp. z o.o. (Grupa Azoty PKCh Sp. z o.o.),
- Grupa Azoty Koltar Sp. z o.o. (Grupa Azoty KOLTAR Sp. z o.o.),
- Grupa Azoty Kopalnie i Zakłady Chemiczne Siarki Siarkopol S.A. (Grupa Azoty SIARKOPOL),
- Grupa Azoty Folie Sp. z o.o.,
- Grupa Azoty Compounding Sp. z o.o..
Furthermore:
- Grupa Azoty PUŁAWY is the parent of nine subsidiaries and holds ownership interests in three associates,
- Grupa Azoty KĘDZIERZYN is the parent of one subsidiary and holds ownership interests in two associates,
- Grupa Azoty POLICE is the parent of nine subsidiaries, and holds ownership interests in two associates,
- Grupa Azoty PKCh Sp. z o.o. is the parent of three subsidiaries.
The parent and the Group companies were incorporated for unlimited period.
Subsidiaries of the Parent Company
Grupa Azoty Zakłady Azotowe Puławy S.A.
The company has its registered office at Al. Tysiąclecia Państwa Polskiego 13, Puławy, Poland. Since April 4th 2013, it has been trading under the name Grupa Azoty Zakłady Azotowe Puławy Spółka Akcyjna (abbreviated to Grupa Azoty PUŁAWY).
Grupa Azoty PUŁAWY specialises in the manufacturing of nitrogen fertilizers and is one of the largest melamine manufacturers in the world.
Grupa Azoty Zakłady Azotowe Kędzierzyn Spółka Akcyjna
The company has its registered office at ul. Mostowa 30A, Kędzierzyn-Koźle, Poland. Since January 11th 2013, it has been trading under the name Grupa Azoty Zakłady Azotowe Kędzierzyn Spółka Akcyjna (abbreviated to Grupa Azoty ZAK or Grupa Azoty KĘDZIERZYN). The company’s two business pillars are nitrogen fertilizers and OXO products (OXO alcohols and plasticisers).
Grupa Azoty Zakłady Chemiczne Police Spółka Akcyjna
The company has its registered office at ul. Kuźnicka 1, Police, Poland. Since June 3rd 2013, it has been trading under the name Grupa Azoty Zakłady Chemiczne Police Spółka Akcyjna (abbreviated to Grupa Azoty POLICE). Grupa Azoty POLICE is a major manufacturer of compound and nitrogen fertilizers, and titanium white.
Grupa Azoty ATT Polymers GmbH
The company’s registered office is located in Guben, Germany. Since July 10th 2013, it has been trading under the name Grupa Azoty ATT Polymers GmbH. It manufactures polyamide 6 (PA6).
Grupa Azoty Polskie Konsorcjum Chemiczne Spółka z ograniczoną odpowiedzialnością
The company’s registered office is located at ul. E Kwiatkowskiego 7, Tarnów, Poland. Since February 28th 2013, it has been trading under the name Grupa Azoty Polskie Konsorcjum Chemiczne Spółka z ograniczoną odpowiedzialnością (abbreviated to Grupa Azoty Polskie Konsorcjum Chemiczne Sp. z o.o. or Grupa Azoty PKCh Sp. z o.o.). Grupa Azoty PKCh provides comprehensive design services encompassing complete design support for investment projects in the chemical industry − from study and concept work, to process and structural design and working plans, to support services during the construction, commissioning and operation of process units.
Grupa Azoty Koltar Spółka z ograniczoną odpowiedzialnością
The company’s registered office is located at ul. Kwiatkowskiego 8, Tarnów, Poland. Since March 6th 2013, it has been trading under the name Grupa Azoty Koltar Spółka z ograniczoną odpowiedzialnością (abbreviated to Grupa Azoty Koltar Sp. z o.o.). Grupa Azoty Koltar provides nationwide rail transport services. It is one of the few organisations in Poland to hold licences required to perform comprehensive repairs of rail car chassis and tank cars used in the transport of hazardous materials (according to RID).
Grupa Azoty Kopalnie i Zakłady Chemiczne Siarki Siarkopol Spółka Akcyjna
The company’s registered office is located in Grzybów. Since February 11th 2014, it has been trading under the name Grupa Azoty Kopalnie i Zakłady Chemiczne Siarki Siarkopol Spółka Akcyjna (abbreviated to Grupa Azoty Kopalnie i Zakłady Chemiczne Siarki Siarkopol S.A. or Grupa Azoty SIARKOPOL). Grupa Azoty SIARKOPOL is Poland’s largest producer of liquid sulfur.
Grupa Azoty Folie Spółka z ograniczoną odpowiedzialnością
The company’s registered office is located in Tarnów. Its principal business is scientific and technical R&D activities.
Grupa Azoty Compounding Spółka z ograniczoną odpowiedzialnością
The company’s registered office is located in Tarnów. Its business model is based on a portfolio of specialty engineering plastics manufactured through the compounding of plastics, with the use of innovative technological solutions.
The parent and its subsidiaries as at December 31st 2016
Changes in the Group
Liquidation of Navitrans Sp. z o.o. w likwidacji (in liquidation)
On March 31st 2016, the process of winding up the business of Navitrans Sp. z o.o. w likwidacji (in liquidation) of Gdynia was completed. On March 31st 2016, the amount of cash left after conclusion of the procedure, that is PLN 35 thousand, was paid out to the shareholders. On June 30th 2016, the company was deleted from the National Court Register.
Agreement to sell shares in Remzap Sp. z o.o.
On December 10th 2015, REMIN Sp. z o.o. and Grupa Azoty PUŁAWY executed a conditional agreement to sell shares in REMZAP Sp. z o.o. (subsequently changed in an annex of February 4th 2016). As REMIN Sp. z o.o. failed to fulfil the conditions precedent by the time prescribed, the agreement is deemed not executed.
On March 14th 2016, 156 shares previously held by the other shareholders (REMZAP Sp. z o.o. employees) were cancelled. As a consequence, Grupa Azoty PUŁAWY’s share in total voting rights at the general meeting of REMZAP Sp. z o.o. increased from 95.74% to 96.33%.
Organisation or equity links betw the Group companies and other entities
Interests held by subsidiaries in share capital of other Group companies as at December 31st 2016
Grupa Azoty PUŁAWY
| Company | Ownership interest (%) | Share capital |
|---|---|---|
| Agrochem Sp. z o.o. | 100% | 20,000 |
| Agrochem Puławy Sp. z o.o. | 100% | 50,000 |
| Elektrownia Puławy Sp. z o.o. | 100% | 92,148 |
| SCF Natural Sp. z o.o. | 99.99% | 15,001 |
| Gdańskie Zakłady Nawozów Fosforowych Fosfory Sp. z o.o. | 99.19% | 59,003 |
| STO-ZAP Sp. z o.o. | 96.15% | 1,117 |
| Remzap Sp. z o.o. | 94.61% | 1,812 |
| Zakłady Azotowe Chorzów S.A. | 94.32% | 58,700 |
| Prozap Sp. z o.o. | 84.69% | 826 |
| Bałtycka Baza Masowa Sp. z o.o. | 50% | 19,500 |
| CTL Kolzap Sp. z o.o. | 49% | 2,000 |
| Technochimserwis S.A. (closed joint-stock company) | 25% | RUB 800 thousand |
Grupa Azoty POLICE
| Company | Ownership interest (%) | Share capital |
|---|---|---|
| PDH Polska S.A. | 100.00 | 60,000 |
| Supra Agrochemia Sp. z o.o. | 100.00 | 19,721 |
| Transtech Usługi Sprzętowe i Transportowe Sp. z o.o. | 100.00 | 9,783 |
| Grupa Azoty POLICE Serwis Sp. z o.o. | 100.00 | 9,618 |
| Koncept Sp. z o.o. | 100.00 | 512 |
| Grupa Azoty Africa S.A. | 99.99 | XOF 132,000 (thousand) |
| Zarząd Morskiego Portu Police Sp. z o.o. | 99.98 | 32,617 |
| African Investment Group S.A. | 54.90 | XOF 340,000 (thousand) |
| Infrapark Police S.A. w likwidacji (in liquidation) | 54.43 | 14,986 |
| Budchem Sp. z o.o. w upadłości likwidacyjnej (in liquidation bankruptcy) | 48.96 | 1,201 |
| Kemipol Sp. z o.o. | 33.99 | 3,445 |
Shares in subsidiaries indirectly attributable to Grupa Azoty POLICE as at December 31st 2016
| Company | Ownership interest (%) | Share capital |
|---|---|---|
| African Investment Group S.A. | 0.10 | XOF 340,000 (thousand) |
| Grupa Azoty Africa S.A. | 0.01 | XOF 132,000 (thousand) |
| AFRIG Trade SARL | 100.00 | XOF 33,000 (thousand) |
Grupa Azoty KĘDZIERZYN
| Company | Ownership interest (%) | Share capital |
|---|---|---|
| ZAKSA S.A. | 91.67 | 6,000 |
| CTL Chemkol Sp. z o.o. | 49.00 | 4,000 |
| Grupa Azoty Polskie Konsorcjum Chemiczne Sp. z o.o. | 36.73 | 85,631 |
Grupa Azoty PKCh Sp. z o.o.
| Company | Ownership interest (%) | Share capital |
|---|---|---|
| Grupa Azoty Jednostka Ratownictwa Chemicznego Sp. z o.o. | 100% | 21,749 |
| Grupa Azoty Prorem Sp. z o.o. | 100% | 11,567 |
| Grupa Azoty Automatyka Sp. z o.o. | 77.86% | 4,654 |
Parent’s material non-controlling interests as at December 31st 2016
| Company | Ownership interest (%) |
|---|---|
| Tarnowskie Wodociągi Sp. z o.o. | 12.39% |
Branches
The Parent Company does not have long-distance branches (factories).
Graphical diagram of the Capital Group
