Native name | ХИП-Азотара |
---|---|
Company type | d.o.o. |
Industry | Chemicals |
Predecessor | Hemijska Industrija Pančevo (HIP) |
Founded | 8 July 1975 |
Headquarters | , Serbia |
Key people | Danilo Tomašević (Director) |
Products | Mineral fertilizer, nitrogen compounds |
Revenue | €59.10 million (2022) [1] |
€10.02 million (2022) [1] | |
Total assets | €168.31 million (2022) [2] |
Total equity | €124.42 million (2022) [2] |
Owner | Promist d.o.o. (100%) |
Number of employees | 209 (2022) |
Website |
azotara |
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.
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]
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]
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]
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]
Native name | ХИП-Азотара |
---|---|
Company type | d.o.o. |
Industry | Chemicals |
Predecessor | Hemijska Industrija Pančevo (HIP) |
Founded | 8 July 1975 |
Headquarters | , Serbia |
Key people | Danilo Tomašević (Director) |
Products | Mineral fertilizer, nitrogen compounds |
Revenue | €59.10 million (2022) [1] |
€10.02 million (2022) [1] | |
Total assets | €168.31 million (2022) [2] |
Total equity | €124.42 million (2022) [2] |
Owner | Promist d.o.o. (100%) |
Number of employees | 209 (2022) |
Website |
azotara |
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.
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]
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]
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]
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]