HIP-Azotara

HIP-Azotara
Native name
ХИП-Азотара
Company typed.o.o.
IndustryChemicals
PredecessorHemijska Industrija Pančevo (HIP)
Founded8 July 1975; 49 years ago (1975-07-08)
Headquarters
Pančevo
,
Serbia
Key people
Danilo Tomašević (Director)
ProductsMineral fertilizer, nitrogen compounds
RevenueIncrease €59.10 million (2022)[1]
Increase €10.02 million (2022)[1]
Total assetsIncrease €168.31 million (2022)[2]
Total equityIncrease €124.42 million (2022)[2]
OwnerPromist d.o.o. (100%)
Number of employees
209 (2022)
Websiteazotara.com

HIP–Azotara (Serbian: ХИП-Азотара), or simply Azotara, is a Serbian mineral fertilizer and nitrogen compounds company, with the headquarters in Pančevo, Serbia. It was founded in 1975.

History

In 1962, a Yugoslav industrial giant - "Hemijska Industrija Pančevo" (eng. Chemical Industry of Pančevo") was founded with headquarters in Pančevo. In 1975, it was split into two companies which are in close proximity - HIP-Azotara (for mineral fertilizers) and HIP-Petrohemija (for petrochemicals).[3] HIP-Petrohemija was built on the success of HIP-Azotara, and only by 1990, the companies were completely separated. HIP-Azotara never claimed its share in the ownership of HIP-Petrohemija, as both were in the state-ownership.[4] In 1999, the company facilities were targeted and bombed during the NATO bombing of Yugoslavia; estimates are that around 250 tons of liquid ammonia had leaked into the ground and the waste water channel as a result.[5]

2006–2009

In April 2006, HIP-Azotara was privatized and sold to the Lithuanian-Serbian consortium (Arvi & Co, Sanitex, and Univerzal-holding) for 13.1 million euros.[6][7]

2009–2021: Srbijagas takeover

The 2006 privatization was cancelled in January 2009,[8] and 55 million euros of debt was converted to the ownership shares, with the Serbian state-owned gas company Srbijagas set to become the majority stakeholder with 81.6% of shares.[7][3] In April 2012, it was announced that 130 million euros of debt was written off.[9] In March 2013, Srbijagas formally took over the company.[10] From September 2018 until May 2021, the HIP-Azotara was in bankruptcy procedure.[11]

2021–present: Promist

In May 2021, it was sold to the Novi Sad-based company Promist for 650 million dinars.[11] In May 2022, it was announced that there are plans for the creation of facility for blue hydrogen production in the future in HIP-Azotara.[12]

See also

References

  1. ^ a b "Bilans uspeha (2022) - HIP-Azotara". apr.gov.rs (in Serbian). Retrieved 13 May 2024.
  2. ^ a b "Bilans stanja (2022) - HIP-Azotara". apr.gov.rs (in Serbian). Retrieved 13 May 2024.
  3. ^ a b "PANČEVO: 55 godina od početka rada HIP Azotare" (in Serbian). 27 November 2017. Retrieved 13 May 2024.
  4. ^ "Azotara Pančevo – majka Petrohemije". politika.rs (in Serbian). 10 September 2012. Retrieved 13 May 2024.
  5. ^ Vučetić, Marija. "Posledice bombardovanja – Pančevo". ekostraza.com (in Serbian). Retrieved 15 May 2024.
  6. ^ "Потписан уговор о продаји ДП "ХИП Азотара" из Панчева" (in Serbian). srbija.gov.rs. 12 April 2006. Retrieved 13 May 2024.
  7. ^ a b "Počela proizvodnja u Azotari nakon godinu dana pauze". danas.rs (in Serbian). 3 August 2009. Retrieved 13 May 2024.
  8. ^ "Raskinut ugovor o prodaji "Azotare"". rts.rs (in Serbian). 9 January 2009. Retrieved 13 May 2024.
  9. ^ "Azotari "obrisano" 130 mil.€ duga". b92.net (in Serbian). 3 April 2012. Retrieved 13 May 2024.
  10. ^ "Srbijagas većinski vlasnik Azotare". rts.rs (in Serbian). 27 March 2013. Retrieved 13 May 2024.
  11. ^ a b "Azotaru kupio Promist, najavljuje pokretanje proizvodnje". b92.net (in Serbian). Tanjug. 26 May 2021. Retrieved 13 May 2024.
  12. ^ "Planovi za pančevački petrohemijski kompleks - Azotara će proizvoditi plavi vodonik, Petrohemija 264.000 tona polipropilena godišnje, Transnafta pregovara s Rumunima". ekapija.com (in Serbian). 31 May 2024. Retrieved 15 May 2024.