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Braskem S.A. (NYSE: BAK) is a leading Brazilian petrochemical company headquartered in São Paulo. As the largest petrochemical company in Latin America, Braskem has established itself as a significant force in the global petrochemical industry. The company specializes in the production and sale of chemicals, petrochemicals, fuels, and utilities.
Braskem’s operations are geographically segmented into Brazil, the United States, Europe, and Mexico, with the majority of its revenue generated from Brazil. The company’s product portfolio includes olefins like ethylene, polymer and chemical-grade propylene, butadiene, and butene-1. It also produces various fuels such as automotive gasoline, liquefied petroleum gas (LPG), ethyl tertiary-butyl ether (ETBE), and methyl tertiary-butyl ether (MTBE). Additionally, Braskem manufactures intermediates including cumene and other chemicals.
Recently, Braskem has been at the forefront of the biopolymers market, further solidifying its status as a leader in both traditional and sustainable petrochemical solutions. The company continuously strives for innovation and sustainability in its operations and product offerings.
In the latest news, Braskem has released its 4Q23 Earnings Report, detailing significant financial achievements and operational milestones. Following this, the company also published its 1Q24 Earnings Report, highlighting continued progress and strategic initiatives. Investors and stakeholders can access the full earnings releases and further details on the company's Investor Relations website.
Braskem's commitment to growth and excellence is evident through its strong financial performance, strategic investments, and focus on sustainability. The company regularly engages with its investors, hosting conference calls and providing updates on its achievements and future plans.
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.
Braskem (NYSE: BAK) has partnered with Vartega to introduce a new 3D Printing Filament Recycling Program that utilizes carbon fiber reinforced polypropylene filament made from 100% recycled materials. This initiative aims to combat the 24,000 tons of carbon fiber waste generated annually, enhancing sustainability in 3D printing. Braskem's commitment to a circular economy is highlighted by its goal for all plastic packaging to be reused, recycled, or recovered by 2040. The new filament, available in various diameters, is designed for high-performance applications in industries such as automotive and aerospace.
Braskem S.A. (BAK, BRKMY) has filed its Annual Report on Form 20-F for the year ending December 31, 2020, with the U.S. Securities and Exchange Commission. The report is accessible on Braskem's Investor Relations website. Shareholders can request free copies of the audited financial statements included in the 2020 Form 20-F. For additional inquiries, Braskem's Investor Relations Department can be contacted via phone or email.
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