Home / Knowledge / News / Textiles / Revenues up 3% at BRASKEM in Q3 of 2012
Revenues up 3% at BRASKEM in Q3 of 2012
Nov '12
BRASKEM announces its results for the third quarter of 2012.

Braskem ended the third quarter of 2012 with EBITDA of R$930 million, which increased 10% from the previous quarter and remained virtually stable compared to the same period of 2011. The amount was mainly due to the higher sales volume in the period, especially in the domestic market, reflecting the typical seasonality of the industry. 

The world economy remained influenced by uncertainties regarding the European crisis, which continue to weigh on international demand for resins and other petrochemical products. Meanwhile, costs in the industry remained pressured by the high prices of oil and petrochemical feedstocks, especially naphtha.

In the Brazilian economy, which has also felt the effects of this scenario, consensus expectations for GDP growth in the year were revised downward once again, to around 1.6%. On the other hand, the tax incentives and monetary stimulus adopted by the federal government should encourage recovery in industrial activity in the coming quarters.

Despite the still-uncertain and challenging scenario, demand in the Brazilian market for thermoplastic resins grew by 18% between the second and third quarters of the year, influenced by seasonality. Braskem's sales accompanied this growth and reached 951 ktons, advancing 19% in the period. Compared to the third quarter of 2011, domestic demand remained virtually stable, while Braskem's sales grew 11%, reflecting the recovery of six percentage points in the Company's market share, which ended September at around 70%.

Consolidated net revenue was R$9.5 billion, growing 9% from the July-September period of the previous year, impacted by the average appreciation of 24% in the U.S. dollar against the Brazilian real between the periods.

Compared to the second quarter of 2012, consolidated net revenue grew by 3%, driven by the higher sales volume of resins and key basic petrochemicals. In the first nine months of the year, net revenue was R$26.8 billion, increasing 10% from the same period of 2011.

"Despite the adverse international scenario, the third quarter was stronger due to seasonality and the contribution from the exchange rate, which allowed us to increase our resin sales volume in the domestic market, accompanied by slight recovery in EBITDA margin in relation to the second quarter.

“Braskem has been doing its part by making available new production capacity to serve the market, such as the new PVC plant in Alagoas and the expansion of the butadiene plant in Rio Grande do Sul, while reinforcing its financial discipline," said Carlos Fadigas, the CEO of Braskem.

The Company ended the July-September period with a net loss of R$124 million, which was basically due to the impact from exchange variation on the financial result, which offset the period's better operating result. 

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search