Company Profile
Azoty – Adipol S.A. seated in Chorzów - privatised company
Description of activity
"Azoty – Adipol S.A." is one of the oldest chemical companies in Poland and has its foundations in a nearly century-old tradition of "Zakłady Azotowe Chorzów" (founded in 1916). The company began its business activity in the oleochemistry sector including: installations for the processing of animal fat, vegetable oils, distilled fatty acids, stearin and glycerol. These substances are both finished products and intermediate products used in numerous applications by businesses from different industries (e.g. production of rubber, plastics and chemicals for the construction sector and for households). It will be the first professional installation for the production of oleochemicals in Poland. The value of the investment is estimated at around PLN 62 m. So far the Company's main product was potassium nitrate (technical grade and fertilizer). The company is also a producer of nitrous oxide used for medical purposes. Moreover it offers more than thirty compounds used in the following areas: fertilizer industry (including fertilizer mixed according own recipes), food chemistry and industrial chemistry. Main products sold by the Company include: fertilizers for fertigation (used in greenhouse cultivation) in amounts ranging from several dozen to several hundred tons per year, including liquid/granular potassium nitrate, monopotassium phosphate, nitric acid, nitromagnesite, magnesium sulphate, magnesium nitrate and potassium chloride. The offer for the food sector includes potassium nitrate (food grade) and other functional food additives, such as ammonium bicarbonate. Products for the industry include, among others, additives for concrete, potassium carbonate, antimony compounds, barium compounds, sodium and many others. The company has its own rolling stock and provides services of renting wagons and transporting products. It also provides distribution services including electricity and drinking water supply. The Company rents part of its premises to approximately 50 "external" production/service businesses that use the company's facilities and areas, roads and railway infrastructure.
Contact information
Province : śląskie
Azoty – Adipol S.A.
ul. Narutowicza 15
41-503 Chorzów
ph.: (+48 32) 736 20 00
fax: (+48 32) 736 20 37
www.azoty-adipol.pl
azoty-adipol@azoty-adipol.pl
Ministry of Treasury
ul. Krucza 36 / Wspólna 6
00-522 Warszawa
Department of Privatisation
ph.: (+48 22) 695 87 22, 695 87 05
fax: (+48 22) 695 88 18
Investor Realtions Centre
ph.: (+48 22) 695 90 01
ph.: (+48 22) 695 90 02
fax: (+48 22) 629 98 38
investor@msp.gov.pl
www.msp.gov.pl
Branch
Chemical industry
Performance in thousand PLN
| 2007 | 2008 | 2009 | 2010 | |
| Sales revenue | 33 352.2 | 44 909.9 | 47 852.2 | 42 919.0 |
| EBITDA | 3 267.0 | 7 029.0 | 4 281.9 | 5 232.2 |
| Net result | 1 520.8 | 4 026.3 | 3 021.7 | 3 199.5 |
Planned privatisation
Zakłady Azotowe Puławy S.A. were granted a consent of the President of the Office of Competition and Consumer Protection regarding the concentration, i.e. purchasing shares of Azoty – Adipol S.A. The General Meeting of ZAP S.A. adopted a resolution approving the purchase of shares. Thus the ownership of 2.550.000 (85%) Azoty – Adipol S.A. shares was transferred on 4 January 2011.
History of privatisation process:
Signing an agreement: 20 October 2011
Signing a draft agreement: 29 September 2011
Extending the negotiations exclusivity period: 23 September 2011
Negotiations: 18 August 2011
Binding offers: 5 August 2011
Due diligence: 12 May 2011
Initial offers: 12 May 2011
Invitation to negotiations. More information
Withdrawal from negotiations: 28 February 2011
Initial offers: 16 November 2010
Invitation to participate in negotations. More information
Withdrawal from negotiations: 11 May 2010
Initial offer: 14 April 2010
Invitation to participate in negotations: 5 March 2010
Employment
147 employees
Initial capital
PLN 30 000 000.00
President of the Management Board
Krzysztof Burzański
Privatisation advisor
Budoserwis Z.U.H. Sp. z o.o. with registered office in Chorzów
Modification date : 05.01.2012


