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(Braskem) -- Braskem attained a new
level of competitiveness and scale with the acquisition, in early 2010, of
Quattor and the polypropylene assets of the U.S. company Sunoco
Chemicals (today Braskem America). These strategic transactions, which led
Brazil to have the leading producer of thermoplastic resins in the Americas and
the eight-largest resin producer in the world, are already beginning to be
reflected in the company’s performance. In 2010, Braskem recorded EBITDA
(earnings before interest, tax, depreciation and amortization) of R$4.1 billion,
for growth of 27% from 2009. In U.S. dollar, EBITDA grew by 41% from 2009 to USD
2.3 billion.
This performance was driven by the significant improvement in operational
efficiency at Quattor, whose EBITDA doubled in the period under Braskem's
management, and by the average sales growth in the domestic market, which was
supported by the solid performance of the Brazilian economy, with GDP growth of
7.5% in the period, which in turn fueled domestic demand for resins by 15%. The
recovery in international prices for thermoplastic resins and basic
petrochemicals, following the improvement in the global economic scenario in the
second half of the year, also had a positive impact on the results.
"The year 2010 marked the start of a new cycle in the company’s
trajectory that was brought about by the various strategic achievements in the
period, especially the merger of Quattor, which represents a decisive step
forward in strengthening the country's petrochemical and plastics production
chain," said Braskem CEO Carlos Fadigas. "On the international front, the
acquisition in the United States launched the international expansion of our
operations, which was accompanied by advances in the integrated polyethylene
project in Mexico. Moreover, with the inauguration of Green PE production in the
second half of the year, Braskem became the global leader in biopolymers," added
Fadigas.
mrcplast.com
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