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Braskem SA (BAK), Latin America's largest petrochemical producer, maintains this dedicated news hub for investors and industry stakeholders. Access official press releases, financial disclosures, and operational updates from the global leader in resins and biopolymers.
This resource consolidates essential announcements including quarterly earnings reports, strategic partnerships, and sustainability initiatives. Monitor developments across Braskem's international operations in Brazil, the United States, and Europe, with coverage spanning production innovations, market expansions, and environmental commitments.
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Braskem S.A. (NYSE: BAK) reported its 3Q21 results, revealing a recurring Operating Result of US$1,469 million, down 17% from 2Q21, but up 116% compared to 3Q20. The company achieved a Net Income of R$3,537 million and a record free cash flow of R$3,911 million. S&P Global Ratings upgraded Braskem's rating to BBB-, reflecting improved profitability and cash generation. The company reduced its leverage to 0.83x and finalized a debt refinancing plan worth US$1.35 billion.
Braskem, the largest polyolefins producer in the Americas, has launched new high visibility polypropylene (PP) filaments, FL105PP, in neon yellow and pink, aimed at safety and construction applications. This innovative addition to their 3D product portfolio highlights their commitment to meeting client demands, with previous successes in traditional PP filaments. The new filaments are available in 1.75 mm and 2.85 mm diameters, enhancing usability across various applications. These products will be accessible in North America starting November 2021 via distribution partners M. Holland and Nexeo Plastics.
Braskem (NYSE: BAK), in partnership with DiveDesign, has developed a custom 3D printed K9 quad cart for Wobbly Hannah, a rescue dog with cerebellar hypoplasia. Traditional carts failed to support Hannah, prompting her owner to seek a tailored solution. Utilizing Braskem's carbon fiber reinforced polypropylene filament, DiveDesign created a lightweight, durable cart within four months. This innovation not only improves Hannah's mobility but also won the Best Bespoke Solution award at The Cool Parts Showcase. Braskem's CF-PP filament is notable for being made from 100% recycled materials, enhancing sustainability.
Braskem, a leader in biopolymers, has partnered with Gelmart International to supply its I'm green™ EVA biopolymer for the production of the world's first plant-based bra cup sourced from sugarcane. Gelmart's kindly line of sustainable intimate apparel launched in August and is available in 3,300 Walmart stores and online. This collaboration highlights Braskem's commitment to sustainability and innovation in the apparel industry, as the biopolymer reduces greenhouse gas emissions and replaces traditional foam materials.
Braskem, a leading polyolefins producer in the Americas, announced a new distribution partnership with Nexeo Plastics, enhancing its international reach for polypropylene filament and pellets in North America and Europe. This initiative aims to support the growing 3D printing market by offering innovative materials that ensure quality and efficiency. Braskem's polypropylene is recognized for its recyclability and durability, contributing to various 3D printing applications. This partnership is a significant step in Braskem's strategy to expand its presence in the additive manufacturing sector.
Braskem S.A. reported significant financial results for 2Q21, with a recurring Operating Result of US$1,776 million, marking a 40% increase from 1Q21 and a 530% rise year-over-year. The net profit reached R$7,424 million, a 198% increase from the prior quarter. Corporate leverage improved to 1.10x, down 39% from 1Q21, indicating enhanced financial health. The company also successfully reduced gross debt by approximately US$1.7 billion this year. Additionally, Fitch and Moody's upgraded Braskem's outlooks, signifying positive market sentiment.
Braskem has launched its carbon fiber reinforced polypropylene filament, FL900PP-CF, for 3D printing on the Ultimaker Marketplace. This innovative filament contains 100% recycled carbon fiber, offering high strength and stiffness—six times stronger than standard polypropylene. It is optimized for high-resolution printing and is lightweight with excellent chemical resistance. The product supports various applications, including rapid prototyping and spare parts manufacturing. This aligns with Braskem's commitment to sustainability and a circular economy, aiming for complete recycling of packaging by 2040.
Braskem (NYSE: BAK) has received multiple 2021 Responsible Care awards from the American Chemistry Council (ACC) for its exceptional COVID-19 response and facility safety performance. The company was recognized for securing essential grades of polypropylene for protective gear during the pandemic, implementing live-in manufacturing teams for safety, and receiving Facility Safety Award Certificates for five production sites. Braskem aims to enhance health, safety, and environmental performance through its commitment to Responsible Care, emphasizing its role in the circular economy and sustainable solutions.
