June 17, 2008
CMAI Outlines Braskem SA Strategic Business Position
HOUSTON, June 17 /PRNewswire/ -- Chemical Market Associates, Inc. (CMAI) recently completed the Chemical Company Analysis (CCA) on Braskem SA, the second company report of the 2008 Edition. The report includes strategic direction, financial overviews, global chemical business operations/positions, chemical manufacturing site descriptions and chemical product material balances for Braskem SA.
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Braskem SA is the largest petrochemical producer in South America and on a revenue basis ranks among the top 25 chemical companies globally. Braskem was created in August 2002 when Odebrecht and Mariani integrated their assets with Copene Petroquimica do Nordeste S.A. Today, the Odebrecht Group holds a controlling interest in Braskem; other shareholders include Petrobras and its petrochemical division Petroquisa, BNDESPAR, and public shareholders. Braskem's shares are listed on the Sao Paulo, New York and Madrid stock exchanges.
Braskem's business strategy focuses on attaining three goals: In Brazil, the company is instrumental in the ongoing consolidation process of the petrochemical industry aimed at creating a single base chemical and polymer producer that is large enough to compete globally. The second goal pertains to Braskem's expansion program and includes obtaining access to competitive raw materials and progress in the company's internationalization process. Both objectives are incorporated in Braskem's planned investment projects in Venezuela and Peru. Innovation and technological autonomy constitute the third set of guiding principles. Braskem's efforts in innovation culminated in the development of "green" polymers that are produced from sugarcane based ethanol.
The Chemical Company Analysis (CCA) is a multi-client service aimed at analyzing the structure, dynamics, competition and strategic issues of global and regional chemical industry participants. The 2008 Edition includes company reports on Chevron Phillips Chemical, Braskem, PetroChina, Total Petrochemical, Borealis and Mitsubishi Chemical. Company reports that were published in the 2007 Edition of the CCA are Lyondell, DuPont, SINOPEC, ExxonMobil Chemical, Shell Chemicals, Westlake, and Titan, as well as a supplemental report on the pro-forma combined assets of LyondellBasell Industries.
CMAI is a petrochemical, plastics and fibers consulting firm that services a wide range of companies all over the world. Since 1979, CMAI's goal has been to provide accurate, timely consulting services for the worldwide industries that it covers. CMAI maintains offices in Houston, New York, London, Dubai, Dusseldorf, Singapore and Shanghai. Clients to CMAI services include chemical and oil companies, engineering & construction companies, banking and financial institutions, plastic converters, grocers/retailers, government agencies and trading companies.
For additional information on this analysis, visit CMAI's website at http://www.cmaiglobal.com/ or contact:
Anne Geraci CMAI 11757 Katy Freeway, Suite 700 Houston, TX 77079 U.S.A. Tel: 281-531-4660 Fax: 281-531-9966 Email: [email protected]
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Chemical Market Associates, Inc.
CONTACT: Anne Geraci of Chemical Market Associates, Inc.,+1-281-531-4660, fax, +1-281-531-9966, [email protected]
Web site: http://www.cmaiglobal.com/