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ZAK Spółka Akcyjna (ZAK S.A.), now renamedGrupa Azoty Kędzierzyn, is achemical company based in the city ofKędzierzyn,Opole Voivodeship, southwestPoland.[1]
It is part of theGrupa Azoty chemical companiesholding company.[2]
On October 20, 2010, Zakłady Azotowe in Tarnów-Mościce became the majority shareholder of ZAK SA by acquiring 52.6% of its shares.[3] On October 13, 2011, the Tarnów company purchased an additional 40.86% of ZAK SA shares, bringing its total ownership to 93.48%.[4] This was part of a broader consolidation effort in the chemical industry, following the acquisition of 66% of the shares ofZakłady Chemiczne "Police" by Zakłady Azotowe in Tarnów-Mościce.[5] This consolidation was finalized with an agreement between Zakłady Azotowe in Tarnów-Mościce andZakłady Azotowe Puławy.[6] As a result, all companies within the Grupa Azoty underwent a rebranding, and the Kędzierzyn company was renamed Grupa Azoty Zakłady Azotowe Kędzierzyn SA, abbreviated as Grupa Azoty ZAK S.A.[7]
Grupa Azoty Kędzierzyn producesnitrogen fertilizers (16% share of the Polish market),OXO alcohols (the sole producer in Poland, close to 10% share of the European market), andphthalate plasticizers (approximately 73% and 6% share of the domestic and European markets, respectively).
In 2007, the company's consolidated sales revenue amounted to PLN 1.67 billion (€375 million), while the net profit reached PLN 115.3 million (€26 million).[8]
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