Home / Knowledge / News / Textiles / Braskem reduces capacity utilization rates
Braskem reduces capacity utilization rates
02
Jan '09
Braskem, the leader in the thermoplastic resins segment in Latin America and the third-largest petrochemical producer in the Americas, announces that the capacity utilization rates at its Basic Petrochemicals Unit plants were temporarily reduced to normalize the high inventory levels, in view of the temporary reduction in international demand and the destocking trend in the petrochemical and plastics production chain in Brazil. The decision further underscores Braskem's commitment to fiscal discipline and to the competitiveness of the petrochemical industry.

Only one of the two production lines at the Camaçari Petrochemical Complex in the state of Bahia and one of the two production lines at the Triunfo Petrochemical Complex in the state of Rio Grande do Sul are still in operation. As a result, the production of ethylene, the raw material for products such as polyethylene and PVC, was reduced to 55% of its production capacity of 2.5 million tons/year.

This adjustment should remain in effect through year-end, when the situation of credit liquidity and demand will be reassessed. The reduction in the level of activity at the Basic Petrochemical Unit impacts, in the same proportion, the capacity utilization rates at the Polyolefins Unit, which is responsible for polyethylene and polypropylene businesses. At the Vinyls Unit, the production of PVC remains at normal levels.

Braskem believes this situation is temporary and expects to resume as soon as possible normal operating levels at its production units, always aligned with its commitment to serve clients.

Braskem

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

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

Ritu Kumar
Label Ritu Kumar

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search