Braskem Sa Stock Price, News & Analysis

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.

Braskem S.A. (BAK, BRKMY) reported strong financial results for 1Q21, with a recurring Operating Result of US$1,266 million, up 52% from 4Q20, driven by improved spreads for PE, PP, and chemicals across key markets. The net profit surged to R$2,494 million, marking a 195% increase from the previous quarter. Free cash flow was also positive at R$1,766 million. The company reduced its leverage ratio to 1.80x, down 39% from 4Q20. Additionally, Braskem partnered with A.P. Moller – Maersk for logistics services in Asia, enhancing its market access.

Braskem (BAK), the largest polyolefins producer in the Americas, has introduced a new carbon fiber reinforced polypropylene filament for 3D printing (FL900PP-CF), made entirely from 100% recycled carbon fiber. This innovative product boasts enhanced mechanical and thermal properties, making it ideal for high-end applications in sectors like automotive and aerospace. Key features include six times the strength of traditional polypropylene, optimized printing capabilities, and excellent chemical resistance. This launch underscores Braskem's commitment to advancing 3D printing technologies.

Braskem (NYSE: BAK), the largest polyolefins producer in the Americas, received the 2021 Faces of Philanthropy Award from the Philadelphia Business Journal. This recognition highlights the successful partnership between Braskem America and the Philadelphia Eagles, focused on sustainability and youth STEM education since 2018. Their initiatives include a closed-loop recycling program that collects 10-12 tons of stadium plastic annually and educational programs benefiting over 5,000 students across 30 schools. CEO Mark Nikolich commented on the positive community impact of their collaboration.

Braskem S.A. (NYSE: BAK) reported its 4Q20 results, highlighting a recurring Operating Result of US$833 million, a 22% increase from 3Q20 and 246% higher year-on-year. The firm faced a net loss of R$6,692 million in 2020 due to geological event provisions. Despite this, net cash generation was R$1,276 million. The accident frequency rate decreased by 71% below the industry average. Significant advancements included renewed feedstock agreements with Petrobras and a resumption of chlor-alkali production in Alagoas.

Braskem S.A. (BAK) has reported significant financial results for 4Q20 and the full year 2020. The recurring Operating Result reached US$833 million, a 22% increase from 3Q20 and 246% from 4Q19, driven by improved spreads in key markets. However, the company experienced a net loss of R$6,692 million due to geological event provisions. Notably, Braskem generated positive net cash of R$1,276 million in 2020. Operationally, the accident frequency rate improved significantly, and new agreements with Petrobras for feedstock supply were concluded.

Braskem (BAK), the largest polyolefins producer in the Americas, announced the launch of Dansko's new Kane clogs made with over 50% of Braskem's renewable I'm green™ carbon negative EVA bio polymer. This eco-friendly material supports sustainable manufacturing and reduces carbon emissions. The Kane clog offers features such as shock absorption, a removable footbed for support, and a lightweight, durable design ideal for various activities. The I'm green™ bio-based EVA is produced from renewable sugarcane, contributing to the reduction of greenhouse gases.