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Latest Braskem Stories

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...

2010-05-17 13:03:00

PHILADELPHIA, May 17 /PRNewswire/ -- Carlos Fadigas, 40, has been named CEO of Braskem America, formerly Sunoco Chemicals, and will officially begin his new role starting May 17, the company announced. Bruce Rubin, who directed the first steps of the integration process, will remain an integral part of the management team for Braskem America, taking on the position of Senior Vice President of External Affairs and Business Development. "The success of our operations there is critical for...

2010-05-14 08:53:00

SAO PAULO, May 14 /PRNewswire-FirstCall/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5, BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 1Q10. HIGHLIGHTS: EBITDA of R$729 million in 1Q10, with EBITDA margin of 16.3%, 1.9 p.p. higher than in 4Q09. Ethylene XXI Project, which provides for the installation of a cracker with ethylene production capacity of 1,000 kt/year, through a JV between Braskem and Pemex, advances with the hiring of the financial advisor to support the...

2010-04-01 13:17:00

NEW YORK, April 1 /PRNewswire/ -- Clifford Chance US LLP is advising Braskem S.A. (NYSE: BAK), the eighth-largest thermoplastic resin producer in the world and the largest in the Americas, on its purchase of Sunoco, Inc.'s (NYSE: SUN) polypropylene business for approximately $350 million. The acquisition, which closed today, makes Braskem one of the world's largest producers of polypropylene and furthers Braskem's strategy to establish an industrial base in the United States and to build...

2010-04-01 13:01:00

PHILADELPHIA, April 1 /PRNewswire-FirstCall/ -- Braskem S.A. (NYSE: BAK), the eight-largest thermoplastic resin producer in the world and largest in the Americas, announced today that it has completed its acquisition of the polypropylene business of Sunoco Chemicals. With the acquisition, which was initially announced on February 1, Braskem invested $350 million as part of its strategy to establish an industrial base in the United States, which will serve as an important platform for its...

2010-03-03 08:50:00

SAO PAULO, March 3 /PRNewswire-FirstCall/ -- BRASKEM S.A. (BOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the leading resin producer in the Americas, announces today its results for 4Q09 and 2009. PERIOD HIGHLIGHTS: -- Braskem's crackers operated at high rates and production increased 7% in 2009, reaching 2.3 million tons, with average production capacity of 89% in 2009. -- Thermoplastic resins Sales volume grew 14% in 2009, reflecting good performance of...

2010-02-01 06:57:00

SAO PAULO, Feb. 1 /PRNewswire-FirstCall/ -- BRASKEM S.A. (BOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the leading resin producer in the Americas, announced that it has signed an agreement with Sunoco, Inc. ("Sunoco"), a U.S.-based oil company, for the acquisition by Braskem of the polypropylene (PP) business of Sunoco Chemicals, Inc. ("Sunoco Chemicals"). Sunoco will receive US$350 million for the shares in Sunoco Chemicals (only PP assets), upon closing, within 60 days....

2010-01-22 08:49:00

SAO PAULO, Brazil, Jan. 22 /PRNewswire-FirstCall/ -- Braskem S.A. ("Braskem"), Odebrecht S.A. ("ODB"), Odebrecht Servicos e Participacoes S.A. ("OSP" and, jointly with ODB, "Odebrecht"), Petroleo Brasileiro S.A. - Petrobras ("PTB") and Petrobras Quimica S.A. - Petroquisa ("Petroquisa" and, jointly with PTB, "Petrobras" and, jointly with Odebrecht and Braskem, the "Companies"), announce, in accordance with and for the purposes of Article 157, Paragraph 4 of Federal Law 6,404/76 and...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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