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Grupa Azoty SAAzoty chemicals assumes capital expenditure in 2025 at PLN 650 million
Listed chemicals group Azoty assumes that capital expenditure in the group will reach approximately PLN 650 million (EUR 152.2 mln) in 2025, Azoty group's deputy CEO Andrzej Skolmowski told a press conference on Wednesday.
"Our ambition in terms of CAPEX in 2025 is PLN 650 million," Azoty group deputy CEO Andrzej Skolmowski said.
"This is a significant reduction in the level of CAPEX. Immediately after March 2024, we started activities to verify the CAPEX level, we reduced it to around PLN 850 million. Last year's total capital expenditure in 2024 was PLN 1.35 billion, but this amount includes expenditure in the polyolefins project of PLN 450 million," he added.
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