Headlines
Grupa Azoty, PGZ unit Nitro-Chem to cooperate on explosives production
Published by Global Banking and Finance Review
Posted on August 13, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 13, 2025
2 min readLast updated: January 22, 2026
Grupa Azoty and Nitro-Chem partner to enhance explosives production, aiming to secure supply chains and increase Poland's defense capacity.
GDANSK (Reuters) -Polish state-run chemical group Grupa Azoty and explosives maker Nitro-Chem have signed a letter of intent to cooperate on the production of explosives, the companies said in a statement on Wednesday.
The cooperation with Nitro-Chem, a unit of state-owned defense group Polska Grupa Zbrojeniowa (PGZ), aims to ensure the continuity of raw material supply chains for explosives and jointly seek funding for a new TNT plant.
Grupa Azoty CEO Andrzej Skolmowski said the company was building a new business segment in high-energy materials and wanted to expand its existing cooperation with Nitro-Chem to include the exchange of technical experience.
"We do not rule out a deeper involvement in the project," Skolmowski said in a statement.
Adam Leszkiewicz, CEO of Poland's largest defence company PGZ, said the company was determined to increase domestic ammunition production capacity as quickly as possible, noting that a project for three new factories was already underway.
Poland is planning to raise its defense spending to 5% of its gross domestic product by 2026, marking the highest defense-to-GDP ratio within NATO.
(Reporting by Rafal Nowak; Editing by Matt Scuffham)
A partnership is a business arrangement where two or more parties agree to cooperate to advance their mutual interests. In finance, it often involves sharing profits, losses, and responsibilities.
Explosives production involves the manufacturing of substances that can produce an explosion when subjected to heat, pressure, or shock. This process is critical in industries such as construction and defense.
Innovation in business refers to the process of creating new ideas, products, or methods that improve efficiency, effectiveness, or competitive advantage. It is essential for growth and adaptation in changing markets.
Explore more articles in the Headlines category
