TITLE

Braskem mulls Triunfo purchase

AUTHOR(S)
Martin, George; Chynoweth, Emma
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business;4/2/2007, Vol. 2 Issue 60, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Braskem to acquire plastic resins producer Petroquimica Triunfo. Petrobras subsidiary Petroquisa owns Petroquimica Triunfo, which is the only non-integrated independent company left in the region after the sale of Ipiranga's assets. Braskem's president and chief executive officer (CEO), Jose Carlos Grubisich, said the purchase of Petroquimica could be the next step in the consolidation of the sector.
ACCESSION #
24889273

 

Related Articles

  • Braskem falls on Triunfo speculation. Martin, George // ICIS Chemical Business Americas;4/2/2007, Vol. 271 Issue 13, p4 

    The article discusses the possible acquisition of polyethylene producer Petroquimica Triunfo by Braskem, also a polyethylene producer. Petroquimica Triunfo has the capability to produce as much as 160,000 tons a year. There are reports that the shares of Braskem fell 2.27% on the New York Stock...

  • Braskem Eyes Triunfo; Targets Top-10 Global Petchem Position. Sim, Peck Hwee // Chemical Week;4/4/2007, Vol. 169 Issue 12, p7 

    The article focuses on the plan by Braskem Co. of São Paulo, Brazil to acquire Petroquimica Triunfo Co. of Porto Alegre, Brazil. An acquisition of Petroquimica Triunfo would further streamline Brazil's fragmented ownership structure, analysts say. According to Carlos Grubisich, chief...

  • Petrochem Powerhouse. Kepp, Michael // Latin Trade (English);Dec2003, Vol. 11 Issue 12, p22 

    Focuses on the efforts by the Brazil government to create competitors for Braskem, Brazil's largest petrochemical group. Mergers pursued by the government; Role of state oil giant Petrobras in the drive for mergers by the Brazil government; Petrochemical companies which are candidates for...

  • Venezuela materialises. Gordon, Michael // ICIS Chemical Business;5/15/2006, Vol. 1 Issue 19, p22 

    The article reports on the progress of Braskem on two proposed petrochemicals projects in Venezuela and is expected to complete the final details later in 2006. The Brazilian petrochemicals giant and Venezuela's state-owned petrochemical company Pequiven are finalizing the technical and economic...

  • Braskem aims high. Change, Joseph; Gibson, Jane // ICIS Chemical Business;10/30/2006, Vol. 1 Issue 41, p16 

    The article reports on the efforts of Brazil's Braskem to become one of the top-ten petrochemical firms in the world through organic growth, select capital projects and acquisitions, said CEO Jose Carlos Grubisich. It also aims to take advantage of low-cost natural gas-based feedstocks in...

  • Braskem Eyes Ethylene-PE Complex; May Sell Assets. Sissell, Kara // Chemical Week;11/19/2003, Vol. 165 Issue 42, p13 

    Focuses on a feasibility study being conducted by Braskem for an ethane-based ethylene and polyethylene (PE) complex at Corumbá, Brazil. Amount of ethylene and PE that will be produced by the complex; Date of completion of the complex; Background of Braskem; Comments from CEO José Carlos...

  • Braskem Details Plans for Bolivia, Venezuela. Hieronymus, Bill // Chemical Week;8/24/2005, Vol. 167 Issue 28, p16 

    Announces that Braskem, a petrochemical producer in Latin America, will decide on major investments planned for Bolivia and Venezuela by mid-2006. Cost of the projects for the two companies; Remarks from José Carlos Grubisich, president and chief executive officer of the company on the...

  • Braskem Takes Up Jose Project Plans. Sissell, Kara // Chemical Week;4/26/2006, Vol. 168 Issue 14, p6 

    The article reports on the plans of Braskem to conduct a feasibility study to form a joint venture with Pequiven to build an ethylene and derivatives complex at Jose, Venezuela as of April 2006. According to Braskem CEO José Carlos Grubisich, the costs of the project would be as competitive...

  • Brazilian challenge. Jagger, Anna; Odriscoll, Cath // European Chemical News;11/15/2004, Vol. 81 Issue 2124, p18 

    Focuses on business and expansion plans of Brazilian chemicals producer Braskem to take advantage of the recovery of the thermoplastics market in Brazil and the rising global demand for thermoplastics. Statements from José Carlos Grubisich, chief executive of Braskem, on plans of the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics