Feedstock costs hit Brazilian firms

Jagger, Anna
November 2006
ICIS Chemical Business;11/13/2006, Vol. 1 Issue 43, p17
Trade Publication
This article reports that an increase in raw material costs have affected the nine-month earnings of Brazilian producers Petroquimica Uniao (PQU), Petroflex and Elekeiroz in 2006. PQU suffered a 12% dip in nine-month earnings before interest, tax, depreciation and amortisation to $170.5 million reais hit by higher oil and naphtha prices. In the third quarter, butadiene prices rose by 14% in Asia and by 13% in the U.S., according to Luis Carlos Lopes, Petroflex's finance director.


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