Completion of Poland's ZAT-ZAP merger expected in early 2013

16 October 2012 16:45  [Source: ICIS news]

LONDON (ICIS)--The merger of Poland’s two largest fertilizer producers, Zaklady Azoty Tarnow (ZAT) and Zaklady Azotowe Pulawy (ZAP), should be completed within the first quarter of 2013, the Polish treasury ministry said on Tuesday.

Representatives of the two state-controlled companies were in continuous contact with European Commission competition regulators in order to try and obtain quick approval of the move which would create Europe's second largest fertilizer group, it added.

Ongoing consultations were also being held with trade union representatives of ZAT and ZAP, the ministry said.

In early October, the Defence Committee for ZAP group of union representatives, said it was seeking reassurances that the merger would not bring about job cuts and worse working conditions.

The merged companies will form a company to be called Group Azoty, the ministry said.

Apart from fertilizers, the ZAT group also produces caprolactam (capro), polyamide 6 (or nylon 6) and plasticizers. As well as nitrogen fertilizers, ZAP is also a producer of capro and melamine.

By: Will Conroy
+44 20 8652 3214

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