Litvínov, 8. June 2012 – Unipetrol RPA is terminating its production of Urea. The reasons are economic, as the production of Urea generated negative business results in recent years. The AGRO Division will continue to produce ammonia, liquid ammonia and Carbon Black CHEZACARB.

„The impact of Urea production on the profitability of the whole Unipetrol Group has been negative in the last couple of years. Based on internal evaluation and evaluation of an independent external advisor, no reversion of this trend is expected,“ stated Artur Paździor, General Executive of Unipetrol RPA.

Urea unit shutdown is expected to have a positive impact on the Group’s EBIT in the amount of couple of tens of CZK million in 2013 with a further positive EBIT impact in the years to follow.

By the end of 2012 the production of Urea will be shutted down. Current expectation is about 50 employees reductions. Unipetrol Group will deal with this issue with utmost care and thoroughness. Unipetrol Group will try to offer selected employees of the urea plant a new job position in other business units. 
 

UNIPETROL, a.s. is a group of companies operating in the petrochemical industry in the Czech Republic. In 2005 UNIPETROL became a part of the PKN ORLEN Group, the largest oil processor in Central Europe. The UNIPETROL Group is oriented mostly towards oil processing, fuel distribution and petrochemical production. In all of these business areas the UNIPETROL Group is among the key players both in the Czech Republic and on the Central European market. The Group ranks among the leading firms in the Czech Republic in terms of its revenues, and employs almost 4,000 people.

Contact: 
Mikuláš Duda 
Press Department Manager 
Telephone: +420 225 001 407, +420 736 502 520 
E-mail: mikulas.duda@unipetrol.cz​