Petrochemical margins remain low at Braskem in Q1

11 May '12

4 min read

The Annual Shareholders' Meeting held on April 27, 2012 approved the distribution of dividends in the total amount of R$483 million. The payment of around R$0.60 per common and class A and B preferred shares will be made as of November 20.

Maintaining its commitment to making investments with returns above the cost of capital, Braskem made operating investments of R$700 million in the first quarter. Of this total, around R$350 million, or 50%, was allocated to capacity expansion projects, such as the expansion of the PVC plant in the state of Alagoas, the new butadiene plant at the Southern Petrochemical Complex and the Ethylene XXI project in Mexico.

"In the current scenario, the commissioning of the PVC expansion project in Alagoas and the new butadiene plant in Rio Grande do Sul, which are slated for May and July, respectively, are coming at the right time and will boost the Company's results. We are committed to investments that ensure we grow together with our Clients and strengthen the entire plastic production chain, and we are taking important steps in this direction," said Carlos Fadigas.

Braskem

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