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Last updated on April 20, 2014 at 17:20 EDT

Latest Braskem Stories

2012-08-16 10:22:44

MIAMI, Aug. 16, 2012 /PRNewswire/ -- The largest 500 Latin American companies increased their revenues by 8.3 percent in 2011, the digital news service Latin Business Chronicle reports on its annual regional ranking. At the same time, profits for these companies tumbled 8.9 percent. The reason behind these results? The positive figures were induced by sustained domestic demand growth, the publication states. The lackluster profit figures seem to be the result of the first landing of the...

2012-08-14 02:31:25

SAO PAULO, Aug. 14, 2012 /PRNewswire/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK announces today its results for 1Q12. HIGHLIGHTS: The crackers operated at an average utilization rate of 88% in 2Q12. Market share expanded 3 p.p. in 2Q12, with sales volume of 796 kton, or 71% of the total market. Compared to 2Q11, Braskem's sales grew by 4%. EBITDA in 2Q12 was R$845 million, up 7% on the prior quarter, benefiting from the U.S. dollar appreciation...

2012-07-24 02:29:45

PASADENA, Calif., July 24, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it has been selected to provide professional technical services for Braskem, the largest thermoplastic resin producer in the Americas, at portions of the Marcus Hook Refinery they recently acquired, near Philadelphia, Pa. Officials have not disclosed the contract value. Jacobs' operations in Mt. Laurel, N.J. and Conshohocken, Pa. are expected to execute the work. Braskem acquired...

2012-07-11 10:20:52

PHILADELPHIA, July 11, 2012 /PRNewswire-USNewswire/ -- Governor Tom Corbett today announced that commonwealth support will enable Braskem America to acquire a portion of Sunoco's Marcus Hook refinery, preserving hundreds of jobs and keeping the company's operations and North American headquarters in southeast Pennsylvania. "Braskem could have left Marcus Hook and consolidated its operations to one of the company's existing plants in Texas or West Virginia, including its U.S....

2012-07-02 10:21:18

PHILADELPHIA, July 2, 2012 /PRNewswire/ -- Braskem, the leading resin producer in the Americas and the largest polypropylene producer in the United States, announces that it acquired the propylene splitter assets at Sunoco's former refinery in Marcus Hook, Penn., and has secured feedstock supply from multiple sources that ensures its continuing operations. As part of the agreement, Braskem will process propylene through the splitter assets for use in its adjacent polypropylene...

2012-06-26 10:21:55

PHILADELPHIA, June 26, 2012 /PRNewswire-USNewswire/ -- Members of Gov. Tom Corbett's Cabinet were joined by a coalition of supporters today to discuss the importance of bringing a petrochemical complex to Pennsylvania that would create 10,000 jobs in spinoff production and manufacturing industries while producing statewide economic benefits. "The benefits of employing more than 10,000 Pennsylvanians and lowering the raw materials cost for all Pennsylvania manufacturers far outweigh the...

2012-06-13 06:21:46

PHILADELPHIA, June 13, 2012 /PRNewswire/ -- Braskem, a Brazilian-based company that is the world's largest producer of polymers made from renewable resources, is making effective and concrete contributions to Rio+20. The largest petrochemical producer in the Americas, Braskem is supporting some of the most important events at the conference and is also demonstrating technologies that foster innovation and sustainable development. Braskem is also an official supplier of support materials to...

2012-05-10 02:35:08

SAO PAULO, May 10, 2012 /PRNewswire/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 1Q12. HIGHLIGHTS: Crackers operated in the quarter at an average utilization rate of 93%, compared to 80% in 4Q11, which had been impacted by two scheduled maintenance shutdowns. Record ethylene (305.6 kton) and polypropylene (150.6 kton) production in March 2012. Braskem's thermoplastic resins sales in 1Q12 of 846 kton, up 9% from...

2012-04-02 06:21:19

PHILADELPHIA, April 2, 2012 /PRNewswire/ -- Braskem announced today that Fernando Musa has been named CEO of Braskem America. He succeeds Luiz de Mendonca, who led Braskem America and Braskem's International Business Unit until his appointment to the role of CEO of ETH Bioenergia, a member of the Odebrecht Group, the controlling shareholder of Braskem S.A. Musa will be based in Philadelphia, PA. In addition to his position as CEO Braskem America, Musa will oversee Braskem's...

2012-03-14 08:39:00

SAO PAULO, March 14, 2012 /PRNewswire/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK announces today its results for 4Q11 and 2011. HIGHLIGHTS: In a scenario marked by slowing demand and narrowing spreads in global markets, Company's EBITDA in the 4Q11 was US$396 million or R$718 million. In the year, EBITDA reached US$2.2 billion, down 3% from 2010. Progress on the PVC and Butadiene capacity-expansion projects, which aim to add value to the existing...