Grodno Azot's profit will allow investing money in modernization

The financial results of Grodno Azot for 2021 will allow the company to continue accumulating funds for the modernization of manufacture, BELTA writes.

Grodno Azot is the largest producer of nitrogen mineral fertilizers in Belarus. In 2021, it was possible to cover the losses that the company suffered in 2020. The profit also helped to stabilize the financial situation. The credit burden has decreased by more than 3 times.

Now the company is working primarily on the domestic market to provide agriculture with fertilizers during the sowing period. The demand for products is stable. According to analytical international agencies, fertilizer prices in 2022 will be at an acceptable level for effective work.

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