Grupa Azoty has signed a term sheet with financing institutions setting out the preliminary terms of its long-term debt restructuring. The document provides the framework for the target financing agreement and includes, among other things, a new repayment schedule and a planned share issue.
At an Extraordinary General Meeting, Grupa Azoty shareholders approved changes to the capital structure, opening the way to a two-stage financial strengthening of the company through the issuance of new shares.
In the procurement policies of many State Treasury companies in recent years, a model has become entrenched that at first glance appears rational and “cost-effective”. In practice, however, it has proven to be one of the most destructive mechanisms for Polish and European industry.
Grupa Azoty and Grupa Azoty Police have established significant impairment write-downs mainly related to loans granted to Grupa Azoty Polyolefins, in connection with the planned divestment of the Polimery Police project and ongoing restructuring proceedings.
Grupa Azoty Polyolefins has decided to initiate arrangement approval proceedings with its creditors in order to continue the company’s operations and create conditions for further implementation of the Polimery Police project.
The European Investment Bank is lending €20 million to Swedish sustainable-packaging company PulPac to tackle global plastic pollution. The EIB financing will support development and commercialization of a fiber-based technology developed by PulPac as an alternative to single-use plastics.
The globally operating ENGEL Group has closed the 2024/25 financial year with a turnover of approximately EUR 1.5 billion. Despite a continued decline in market conditions, the injection moulding machine manufacturer held its ground against European competitors.
Titled "Creating Sustainable Value", Röhm has published the ESG (Environment, Social, Governance) report for the financial year 2024. In the report, Röhm sets out its policies, measures and goals in all key ESG areas.
Krones today published its 2024 Annual Report. Despite the critical general economic environment, the company once again increased revenue and profitability. Krones plans to continue on its profitable growth path.
In a challenging market environment, BASF Group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased in the full year 2024 to €7.9 billion.
Dassault Systèmes today reports its IFRS unaudited estimated financial results for the fourth quarter 2024 and full year ended December 31, 2024.
The 2024 full-year forecast developed by the MECS Study Centre of the trade association Amaplast indicates a drop of approximately nine percentage points in Italian production of plastics and rubber processing machinery to an estimated value of 4.35 billion euros.