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Last updated on April 17, 2014 at 1:21 EDT

Latest Braskem Stories

2011-09-30 15:30:00

SAO PAULO, Sept. 30, 2011 /PRNewswire/ -- Braskem, the leading resin producer in the Americas, announced the completion of its acquisition of the Polypropylene Business from The Dow Chemical Company, an important milestone in the Company's global expansion. The transaction, announced on July 27, was approved by the European Commission and the Federal Trade Commission and the Antitrust Division of the Justice Department of the United States of America. The assets involved in the deal...

2011-07-27 13:26:00

SAO PAULO, July 27, 2011 /PRNewswire/ -- Braskem, the leading resin producer in the Americas, announced the acquisition of the Polypropylene Business from The Dow Chemical Company for US$323 million. This transaction represents an important step in Braskem's growth strategy in the Americas and consolidates its polypropylene leadership in the U.S. The assets involved in the deal include two manufacturing plants in the U.S. and two in Germany, with a total annual polypropylene production...

2011-03-17 08:57:00

SAO PAULO, March 17, 2011 /PRNewswire/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 4Q10 and FY2010. HIGHLIGHTS: Braskem consolidated EBITDA stood at R$ 1.1 billion in the last quarter of the year. Quattor's crackers operated at capacity utilization rates above 90% in 4Q10, led by the Rio de Janeiro unit (former Riopol), which recorded an average utilization rate of 93%, making Quattor EBITDA reach R$361 million in...

2011-03-01 13:52:00

PHILADELPHIA, March 1, 2011 /PRNewswire/ -- Braskem today announced that Luiz de Mendonca has been named CEO of Braskem America. He succeeds Carlos Fadigas, who led Braskem America until his appointment to the role of CEO of Braskem S.A. Mendonca will be based in Philadelphia, PA. In addition to his position as CEO, Mendonca will lead Braskem's international expansion projects, including those already in place in Mexico, Venezuela and Peru as well as the company's green chemical business....

2011-01-25 06:30:00

NINGBO, China, Jan. 25, 2011 /PRNewswire-Asia-FirstCall/ -- Keyuan Petrochemicals, Inc. (Nasdaq: KEYP) ("Keyuan or the "Company"), a leading merchant manufacturer of various petrochemical products in China, today announced that it has received approval for a patent related to the Company's proprietary production process, called MEP (Multiple Ethylene Propylene). MEP is an exclusive and leading technology used in Keyuan's existing production process. Through the ingenuity of its CEO...

2010-12-08 08:09:00

PHILADELPHIA, Dec. 8, 2010 /PRNewswire/ -- The nomination of Carlos Fadigas as CEO of Braskem S.A. has been approved by the Company's Board of Directors. Fadigas headed operations as CEO of Braskem America since the start of 2010. This announcement follows shortly after current CEO of Braskem S.A. Bernardo Gradin released the succession plan for his leadership and identified Fadigas as his successor. The selection of Carlos Fadigas as the new CEO of Braskem S.A. is part of the leadership...

2010-11-12 06:00:00

PHILADELPHIA, Nov. 12, 2010 /PRNewswire/ -- Braskem and INEOS Technologies have entered into a strategic partnership for PE technologies, under which Braskem is able to acquire licenses for Innovene S slurry and Innovene G gas-phase technologies to produce high density PE and linear low density PE, in future petrochemical projects. In addition, Braskem and INEOS Technologies will jointly conduct research and development programs for the slurry and gas-phase PE platforms. The first...

2010-11-11 06:25:00

SAO PAULO, Nov. 11, 2010 /PRNewswire-FirstCall/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 3Q10. HIGHLIGHTS: Braskem's thermoplastic resin sales of 934 ktons in the domestic market, up 17% from 2Q10. Operating rate for the crackers in the quarter was over 90% for the first time since the consolidation of the Quattor assets. Start up of the Green Ethylene plant at the Triunfo petrochemical complex, which has annual...

2010-09-22 15:00:00

PHILADELPHIA, Sept. 22 /PRNewswire/ -- Braskem America announced today plans to invest $50 million in its U.S. polypropylene business through 2011 to better serve its customers and to position the company for growth in the North American market. These investments will focus on upgrading facilities' infrastructure, integrating business processes with parent company Braskem S.A., and implementing Braskem's quality and productivity programs. More than $35 million will be invested in...

2010-08-10 08:16:00

SAO PAULO, Aug. 10 /PRNewswire-FirstCall/ -- BRASKEM S.A. (NYSE: BAK; BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; LATIBEX: XBRK) announces today its results for 2Q10. HIGHLIGHTS: Braskem's pro-forma consolidated EBITDA, including Quattor and Braskem America (former Sunoco Chemicals), reaches R$3.8 billion in the last 12 months, up 9% over 1Q10, for margin of 15.5%. Quattor increases capacity operating rate in the quarter to 83% in 2Q10, 16% up from the prior quarter due to the better...