Zaklady Azotowe Pulawy signs cooperation agreement with ZChP

03 February 2010 13:49  [Source: ICIS news]

PRAGUE (ICIS news)--Zaklady Azotowe Pulawy (ZAP), Poland’s largest fertilizer producer, and Zaklady Chemiczne Police (ZChP), the country’s second-largest fertilizer producer, have signed a business cooperation agreement, the companies said on Wednesday.

The agreement would initially address possible joint activities in optimising production processes, investing in and repairing fertilizer and ammonia units, and pushing ahead with environmental protection and energy initiatives, the companies said.

“The next stage of cooperation could be further business initiatives covering the scope of raw material purchasing, sales and logistics, as well as development and production,” said ZChP board chairman Zbigniew Miklewicz.

ZAP CEO Pawel Jarczewski added: “The main aim is to improve the effectiveness and efficiency of the companies. There are many links between the companies on the product and cost sides. This provides a solid basis for joint action.”

The agreement would run until 31 January 2011, the companies said.

It replaced a previous cooperation agreement drawn up in 2008, which was abandoned because of the economic downturn, the companies added.

The treasury ministry is planning a joint privatisation this year for ZAP and ZChP.

ZAP produces nitrogen fertilizer, melamine and caprolactam, while ZChP produces nitrogen phosphorus potassium (NPK) fertilizer and titanium dioxide (TiO2).

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By: Will Conroy
+44 20 8652 3214



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