Grupa Azoty Says May Cut Production if Gas Prices Continue to Rise

Poland’s Grupa Azoty SA CEO Tomasz Hinc said late this week the group has not decided to limit the production of fertilizers, but it does not rule out such a decision in the future if gas prices continue to rise significantly, according to an Oct. 28 report by the Polish Press Agency (PAP) citing the CEO.

Tomasz confirmed Azoty’s facilities are currently operating at an unchanged level. Earlier this month, the fertilizers and chemicals group said it was taking “all possible measures” not to limit production, despite “the record-breaking” gas prices (GM Oct. 8, p. 30). 

However, the group has said supplying the domestic market with fertilizers is a priority, and recently decided to limit exports and re-direct its products to the domestic market, with the exception of long-term contracts (GM Oct. 15, p. 28).

Azoty is one of two key fertilizer producers in Poland.