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Grupa Azoty Zaklady Chemiczne Police SA (PCE.WA)

PCE.WA on Warsaw Stock Exchange

14.10PLN
16 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Grupa Azoty Zaklady Chemiczne Police Extends Stoppage of Production of Urea Until No later Than Aug 18
Saturday, 10 Aug 2019 

Aug 12(Reuters) - Grupa Azoty Zaklady Chemiczne Police SA ::SAID ON SATURDAY THAT AFTER EXAMINATION OF REPAIRED INSTALLATION OF THE AMMONIA SYNTHESIS AND UREA SYNTHESIS CENTRAL LABORATORY OF TECHNICAL INSPECTION RECOMMENDED CORRECTION OF ONE OF THE WELDS.AS A RESULT, PLANNED START-UP OF INSTALLATION HAS BEEN POSTPONED UNTIL NO LATER THAN AUGUST 18.  Full Article

Grupa Azoty Zakłady Chemiczne Police Says Production Of Urea Suspended Until Aug. 11 Due To Boiler Defect
Friday, 5 Jul 2019 

July 5 (Reuters) - Grupa Azoty Zakłady Chemiczne Police SA :SAID ON THURSDAY THAT DURING PLANNED REPAIR STANDSTILL AT ITS NITRO BUSINESS UNIT CONDUCTED BETWEEN APRIL 4 AND JUNE 6 A BOILER DEFECT WAS DETECTED AT THE INSTALLATION OF SYNTHESIS GAS PREPARATION .AS A RESULT OF DETECTING THE DEFECT, THE INSTALLATION OF THE AMMONIA SYNTHESIS AND UREA SYNTHESIS WAS TEMPORARILY SHUT DOWN STARTING FROM MAY 6, 2019.DAMAGE CAUSED BY DISCONTINUITIES IN WELDED CONNECTIONS OF BOILERS, RESULTS IN THE TOTAL OUTAGE OF UREA PRODUCTION UNTIL AUG. 11, 2019.THE DEFECT HAS NO NEGATIVE IMPACT ON THE ENVIRONMENT.ESTIMATED FINANCIAL IMPLICATIONS OF THE TEMPORARY SHUTDOWN OF THE INSTALLATION CAUSED BY THE DEFECT WILL BE ANNOUNCED LATER.  Full Article

Prochem Signs LoI With Hyundai Engineering Under Polimery Police Project
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Prochem SA ::SIGNS LOI WITH HYUNDAI ENGINEERING ON CONSTRUCTION PROJECT IMPLEMENTATION UNDER POLIMERY POLICE PROJECT.CO TO RECEIVE LUMP SUM REMUNERATION OF EUR 1.8 MILLION NET.PARTIES TO AGREE FINAL DEAL TERMS WITHIN 60 DAYS.  Full Article

Grupa Azoty Plans To Acquire Shares In Grupa Azoty Zakłady Chemiczne Police Raised Share Capital
Wednesday, 29 May 2019 

May 29 (Reuters) - Grupa Azoty ::MANAGEMENT RESOLVES TO ACQUIRE C SERIES SHARES IN ITS UNIT'S GRUPA AZOTY ZAKŁADY CHEMICZNE POLICE RAISED SHARE CAPITAL.AFTER PLANNED ISSUE CO SHOULD MAINTAIN AT LEAST 50% PLUS ONE VOTE IN POLICE'S AGM.  Full Article

Grupa Azoty Zaklady Chemiczne Police To Retain FY Net Profit
Monday, 20 May 2019 

May 21 (Reuters) - Grupa Azoty Zaklady Chemiczne Police SA ::SAID ON MONDAY THAT MANAGEMENT RECOMMENDED ALLOCATION OF ENTIRE 2018 NET PROFIT TO RESERVE CAPITAL .SAID DESPITE DECLARED DIVIDEND POLICY OF GRUPA AZOTY FOR 2013-2020, MANAGEMENT PROPOSED TO RETAIN THE NET PROFIT IN COMPANY TO SECURE COMPANY'S OWN CONTRIBUTION IN 'POLIMERY POLICE' PROJECT .  Full Article

Grupa Azoty Signs Contract For Implementation Of Polimery Police Project
Saturday, 11 May 2019 

May 13 (Reuters) - Grupa Azoty SA :SAID ON SATURDAY THAT PDH POLSKA - THE UNIT OF THE COMPANY AND OF GRUPA AZOTY ZAKLADY CHEMICZNE POLICE SIGNED WITH HYUNDAI ENGINEERING EUR 992.8 MILLION CONTRACT FOR COMPREHENSIVE IMPLEMENTATION OF THE "POLIMERY POLICE" PROJECT.POLIMERY POLICE, A NEW PETROCHEMICAL COMPLEX, SHALL CONSIST OF FIVE SEPARATE UNITS.THE TARGET PLANNED CAPACITY OF THE PDH PLANT IS 400,000 TONNES/8000H OF PROPYLENE WITH A PURITY OF 99.6% VOLUME, AND PP SYSTEM - 400,000 TONNES/8000 H OF POLYPROPYLENE OF DIFFERENT TYPES.TOTAL ESTIMATED BUDGET FOR "POLIMERY POLICE" PROJECT IS 1.5 BILLION ZLOTYS, OUT OF WHICH 1.2 BILLION ZLOTYS WILL BE CAPITAL EXPENDITURES .  Full Article

Grupa Azoty's Unit To Raise Its Share Capital
Saturday, 27 Apr 2019 

April 29 (Reuters) - Grupa Azoty SA ::SAID ON FRIDAY ITS UNIT PDH POLSKA HAS RESOLVED TO RAISE ITS SHARE CAPITAL BY 163.3 MILLION ZLOTYS BY ISSUE OF 16.3 MILLION SHARES WITH NOMINAL VALUE 10 ZLOTYS EACH .SHARES WILL BE ACQUIRED VIA PRIVATE SUBSCRIPTION.GRUPA AZOTY ZAKŁADY CHEMICZNE POLICE WILL ACQUIRE SHARES OF NOMINAL VALUE OF 65.5 MILLION ZLOTYS AND GRUPA AZOTY WILL ACQUIRE SHARES OF NOMINAL VALUE OF 97.8 MILLION ZLOTYS.  Full Article

Police Q3 Net Loss 19.6 Million Zlotys, In Line With Estimations
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - GRUPA AZOTY ZAKLADY CHEMICZNE POLICE SA ::Q3 NET LOSS OF 19.6 MILLION ZLOTYS ON REVENUE OF 552.1 MILLION ZLOTYS.Q3 EBITDA 5.9 MILLION ZLOTYS, IN LINE WITH PREVIOUS ESTIMATIONS.CO POSTED ESTIMATED Q3 RESULTS EARLIER IN NOV. nL8N1XD145.  Full Article

Police Prelim. Q3 Net Loss At 19.6 Mln Zlotys
Wednesday, 31 Oct 2018 

Nov 2 (Reuters) - GRUPA AZOTY ZAKLADY CHEMICZNE POLICE SA (POLICE) ::SAID ON WEDNESDAY THAT ITS PRELIMINARY Q3 NET LOSS WAS 19.6 MILLION ZLOTYS ON REVENUE OF 552.1 MILLION ZLOTYS.PRELIM. Q3 EBITDA WAS 5.9 MILLION ZLOTYS.SAYS LOWER RESULTS, IN COMPARISON WITH THE SAME PERIOD IN THE LAST THREE YEARS, ARE LARGELY DUE TO INCREASES IN PRICES OF ENERGY RESOURCES AND CO2 EMISSION CERTIFICATES .Q3 FINANCIAL REPORT IS DUE ON NOV. 8.  Full Article

Police Q2 Net Result Turns To Loss Of 46.6 Mln Zlotys
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - GRUPA AZOTY ZAKLADY CHEMICZNE POLICE SA ::SAID ON TUESDAY THAT Q2 NET LOSS WAS 46.6 MLN ZLOTYS VS REVISED PROFIT OF 54.9 MLN ZLOTYS YR AGO.Q2 OPERATING LOSS OF 3.2 MLN ZLOTYS VS PROFIT OF 67.7 MLN ZLOTYS YR AGO.Q2 REVENUE 630.4 MLN ZLOTYS VS 650.4 MLN ZLOTYS YR AGO.H1 NET LOSS WAS AT 12.6 MLN ZLOTYS VS PREVIOUSLY ESTIMATED LOSS OF 14.6 MLN ZLOTYS.SAYS THE DECONSOLIDATION OF AFRIG LOWERED CO'S H1 FINANCIAL RESULT BY 44 MILLION ZLOTYS.ON AUG. 7 SAID THAT THE DECONSOLIDATION OF AFRIG WOULD LOWER ITS H1 RESULT BY 55 MLN ZLOTYS nFWN1UY0WD.  Full Article