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Grupa Azoty, PGZ unit Nitro-Chem to cooperate on explosives production

GDANSK, Aug 13 (Reuters) - Polish state-run chemical group Grupa Azoty ATTP.WA 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.

 (Reporting by Rafal Nowak)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))

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