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

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Textiles | On 27th Feb 2017

KBR bags LBED revamp contract for LG Chem's ethylene plant

KBR, Inc has bagged a technology licensing and basic engineering...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin
Chapurin

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search