MOSCOW (MRC) -- Chemicals group Azoty launched construction of a PLN 320 million polyamid-6 plant at its Tarnow operations, southern Poland, the company said in a press statement.
“The new polyamide plant, the groundbreaking plaque for which we set in place today, is further proof of how Grupa Azoty values innovation. Today, no one doubts that plastics, and polyamides in particular, can be definitely called materials of the future. The decision to build the polyamide 6 production plant in Tarnow is undoubtedly the right response to the needs of innovative economy. As a representative of the State Treasury, the main shareholder of the company, I am very pleased to see that happen,” said Cezary Gabryjaczyk, Deputy Minister of the State Treasury, during the ceremony.
After fertilizers, plastics are the second most important segment of Grupa Azoty’s business. The company offers not only polyamide 6, but also natural and modified polyacetal and other polyamide 6.6-based modified plastics.
The segment’s products also include intermediates for the manufacture of plastics, such as caprolactam, cyclohexanone and cyclohexanol.
"I think plastics can be seen as the most innovative area of industry and science. We constantly scan the market for new developments, making sure we can respond appropriately. We are competitive and innovative. We want to keep growing to be able to meet our customers’ needs," emphasised Pawel Jarczewski, President of Grupa Azoty Management Board.
Setting the groundbreaking plaque for the new polyamide 6 production plant marks another step in the implementation of Grupa Azoty’s growth strategy, providing for a total of 68 investment projects. Within the next five years, in Tarnow alone, Grupa Azoty intends to carry out investment projects with a total value of over PLN 1bn. For the entire Group, Grupa Azoty’s planned capital expenditure until 2020 exceeds PLN 7bn.
As MRC reported earlier, in early 2015, Grupa Azoty has signed a contract with Uhde Inventa-Fischer of Germany under a project to construct a new Polyamide 6 Plant in Tarnow. The contract is for the purchase of licences, process design and project equipment. The capex budget for the project totals PLN 320m. The project is scheduled for completion in December 2016 and will add 80,000 tonnes to Grupa Azoty’s annual polyamide production capacity.
MRC