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Braskem S.A.

Company Detail

Description

Brazilian multinational Braskem S.A. is a listed company focused on the import/export of fuel, chemical and petrochemical products; the production, distribution and trading of supplies such as steam, water, compressed air, industrial gases, as well as the provision of industrial services; and the generation, distribution and trading of electricity for its own consumption and for other companies. The Bahia state-based firm is controlled by Odebrecht, which owns directly and indirectly 50.11% of the voting shares and 38.32% of the total shares of the company. Odebrecht is a diversified company with operations in the engineering, construction, and industry sectors, as well as in the development and operation of infrastructure and energy projects. Braskem owns 40 industrial units throughout Brazil, the United States, Germany and one new factory in Mexico, where it produces thermoplastic resins -polyethylene, polypropylene, PVC- and basic petrochemicals, such as propene, butadiene, benzene, toluene, chlorine, and others. In Mexico, one of the company's subsidiaries, Braskem Idesa, recently inaugurated a petrochemical complex, with a production capacity of almost 750,000t of high density and 350,000t of low density polyethylene. The company has a total production capacity of more than 16Mt/y. Located in the city of Camaçari, Braskem is the result of the merger in 2002 of Copene, OPP, Trikem, Proppet, Nitrocarbono and Polialden, companies owned by Odebrecht and the Mariani group.

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