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Latest Braskem Stories

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...

2009-11-30 07:40:00

SAO PAULO, Nov. 30 /PRNewswire-FirstCall/ -- BRASKEM S.A. (NYSE: BAK; BOVESPA: BRKM3, BRKM5 and BRKM6; LATIBEX: XBRK), the leading company in the thermoplastic resins industry in Latin America and third-largest resin producer in the Americas, in accordance with CVM Instruction 358/02, announces to shareholders and the market that its management has decided to include under the Tax Debit Repayment Program offered by the Office of the General Counsel to the National Treasury and the...

2009-11-09 05:54:00

SAO PAULO, Nov. 9 /PRNewswire/ -- Braskem S.A. ("Braskem"), in compliance with CVM Instruction 358/02, announces to shareholders and the market that, in association with IDESA, a traditional Mexican corporate group, it won the auction held by Pemex Gas, a state-owned Mexican company, for the acquisition of ethane, which will be used as feedstock for an integrated petrochemical project to be developed in that country ("Project Ethylene XXI"). Project Ethylene XXI, which is scheduled to...

2009-11-03 07:02:00

SAO PAULO, Nov. 3 /PRNewswire-FirstCall/ -- BRASKEM S.A. (BOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the leading company in the thermoplastic resins industry in Latin America and third-largest resin producer in the Americas, announces today its results for the third quarter of 2009 (3Q09). HIGHLIGHTS OF THE PERIOD: -- Domestic resins sales volume grew 10% in the quarter, led by PP and PVC, which posted growth of 15% and 17%, respectively. The company also...

2009-08-24 09:03:00

SAO PAULO, Aug. 24 /PRNewswire-FirstCall/ -- Braskem S.A. (NYSE: BAK) ("Braskem" or the "Company"), pursuant to CVM Instruction 358/2002 and in light of news published by the press referring to its participation in an asset acquisition process, publicly informs its shareholders and the market that the Company is constantly in touch with different companies in the pursuit of growth and partnership opportunities, as part of its internationalization strategy and its goal of becoming a global...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.