Petrochem powerhouse: Brazil's Braskem is set to grow, but its clients--and the government--want competition.
Latin Trade › Vol. 11 Nbr. 12, December 2003
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Chemicals - Petrochemical industry
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Petrochem powerhouse: Brazil's Braskem is set to grow, but its clients--and the government--want competition.
Braskem, Brazil's largest petrochemical group, was formed in August 2002, part of a long-delayed government privatization plan heralded then as the restructuring of Brazil's petrochemical sector to face increasing global competition.
Now the Brazilian government is pushing for more mergers so that there will be a second big group to compete with Braskem, which reported US$158 million in net profits ...See the full content of this document
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