Home / Knowledge / News / Textiles / Braskem launches PP plant in Paulínia
Braskem launches PP plant in Paulínia
01
May '08
This project consolidates the company's leadership in the Latin American market for PP.

The Braskem opens polypropylene plant in Paulínia, located in the State of Sao Paulo, adding 350 thousand tonnes per year to its production capacity of the resin which presents one of the largest growth rates of consumption .

The event counts on the inauguration of President of the Republic, Luiz Inácio Lula da Silva, who in February 2007 had attended the launch of the foundation stone of the unit.

"The project was completed in record time and with very competitive cost of investment, which demonstrates the ability to manage our teams in the implementation of new units," said Jose Carlos Grubisich, president of Braskem.

"This strategy of growth consolidates the company's leadership in the Latin American market for polypropylene and confirms its position of third largest producer of resins in the Americas as well as being a very important step in the strategy of Braskem being among the top ten global petrochemical",Says.

The unit of Paulínia, which was invested about $700 million, combines worldwide, updated technology and is at the centre of the main consumer center of the country, which confers a differentiated competitiveness to the project.

Originally, the venture was conceived as a joint venture formed in 2006, the Petrochemical Paulínia SA, in which Braskem had 60% of share holding and Petrobras, 40%.

Withthe Investment Agreement signed between Petrobras and Braskem and announced in November 2007, which consolidated the strategic partnership between the companies, Braskem took control of this unit with 100% of the capital. In that agreement, Petrobras will hold 25% of the capital of Braskem.


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search