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Braskem SA (BRKM5.SA)

BRKM5.SA on Sao Paulo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

LyondellBasell makes takeover approach to Braskem - WSJ
Monday, 30 Oct 2017 01:27pm EDT 

Oct 30 (Reuters) - Braskem Sa :LyondellBasell makes takeover approach to Braskem - WSJ, citing sources.LyondellBasell deal could value the brazilian petrochemical company at well over $10 billion- WSJ‍​.  Full Article

Linde ‍selected by Braskem as EPC contractor for new polypropylene production line in Texas​
Tuesday, 11 Jul 2017 07:59am EDT 

July 11 (Reuters) - LINDE AG :‍SELECTED BY BRASKEM AS EPC CONTRACTOR FOR NEW WORLD-SCALE NORTH AMERICAN POLYPROPYLENE PRODUCTION LINE IN LA PORTE, TEXAS​.‍BRASKEM HAS COMMITTED SEVERAL HUNDRED MILLION DOLLARS TOWARDS DESIGN AND CONSTRUCTION OF NEW PP PRODUCTION LINE NAMED DELTA​.  Full Article

Braskem approves construction of polypropylene production line
Thursday, 22 Jun 2017 08:00am EDT 

June 22 (Reuters) - Braskem SA ::Braskem SA says board formally approved final investment decision to proceed with polypropylene production line in americas.Braskem SA says will commit up to $675 million in investment capital towards design and construction of new facility which will be named Delta.Braskem SA says new facility which will be named delta, will be located next to Braskem's existing production facilities in la porte, Texas, U.S..Braskem SA says new facility construction is expected to begin mid-summer, with final phase of main construction targeted for q1 of 2020.  Full Article

Braskem aims to boost sales sequentially in second half of 2017
Monday, 15 May 2017 01:35pm EDT 

May 15 (Reuters) - Braskem Sa :Braskem executive says company expects to boost sales volumes in the second half on a sequential basis.Braskem executive says expects drop in Brazil EBITDA in the next nine months as a result of lower prices.Braskem expects small rise in Europe and U.S. EBITDA, stability in Mexico -executive.Braskem CEO denies press report about problems with raw material contract with Mexico's Pemex, says 'the process was transparent'.Braskem CEO says still no expectation for an upgrade from 2-3 percent forecast for resin demand in Brazil in 2017.Braskem CEO says no illicit act by the company has been found outside of Brazil.Braskem aims to keep leverage ratio below 2.5 times, sees room for new projects, dividends but up to shareholders -CEO.Braskem CEO says capacity utilization rate for crackers seen in Q1 are sustainable throughout the year.  Full Article

Deals of the day-Mergers and acquisitions

June 15 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: