Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells chemicals, including ethylene, polymer and chemical grade propylene, butadiene, butene-1, benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. This segment also produces and sells polyethylene (PE) and polypropylene (PP); supplies electricity and other inputs to second-generation producers; produces and sells of PE, including the production of green PE from renewable resources; and produces and sells polyvinyl chloride and caustic soda. The United States and Europe segment produces and sells PP in the United States and Germany. The Mexico segment produces and sells ethylene, high-density PE, and low-density PE in Mexico. It also manufactures, sells, imports, and exports chemicals, petrochemicals, and fuels; produces, supplies, and sells utilities, such as steam, water, compressed air, and industrial gases; and provides industrial services. The company was formerly known as Copene PetroquÃmica do Nordeste S.A. and changed its name to Braskem S.A. in 2002. Braskem S.A. was founded in 1972 and is headquartered in Camaçari, Brazil.
IPO Year:
Exchange: NYSE
Website: braskem.com.br
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/18/2024 | Neutral → Buy | UBS | |
| 8/20/2024 | Neutral → Buy | Citigroup | |
| 8/29/2023 | Neutral → Sell | UBS | |
| 7/5/2023 | $11.50 → $11.00 | Overweight → Neutral | JP Morgan |
| 6/14/2023 | Hold → Buy | HSBC Securities | |
| 5/18/2023 | Buy → Neutral | UBS | |
| 5/8/2023 | $16.75 | Sector Perform → Sector Outperform | Scotiabank |
| 12/15/2022 | Buy → Neutral | UBS | |
| 10/26/2022 | Sector Underperform → Sector Perform | Scotiabank | |
| 10/24/2022 | Buy → Neutral | BofA Securities |
Oxiteno will receive Braskem's certified raw material for the production of new sustainable solutions, providing a breakthrough in the Brazilian chemical industry. Committed to supporting the circular economy and fighting climate change, Brazilian petrochemical companies Braskem and Indorama Ventures IOD - Oxiteno announce a partnership to supply bio-attributed ethylene from renewable sources. Bio-attributed ethylene, certified by ISCC (International Sustainability and Carbon Certification), will be used by Oxiteno to create new sustainable solutions. This raw material is the first bio-attributed chemical product produced by Braskem from the certified mass balance approach. The concep
– Origin 1 Initiated Start-Up, In-Line with Prior Guidance – – FDCA Mass Production Moves Forward to Origin 2, Rather Than Origin 3 as Initially Planned, Due to Strong Commercialization Progress and Higher-Margin Opportunities – – Origin 2 Outlook Updated; Phased Construction Plan Reduces Risk on Path to Profitability, with Phase 1 Start-Up Expected in Late 2026 to 2027, Phase 2 Start-Up Expected in 2028 – – Origin to Supply Para-Xylene for Bio-PET to Customers Prior to 2030 Primarily Through Collaborations with Strategic Partners – – Maintains 2023 Revenue and Adjusted EBITDA Outlook, Customer Demand Exceeds $10 Billion – Origin Materials, Inc. ("Origin," "Origin Materials," or t
The acquisition of taulman3D further accelerates Braskem's growth strategy in the additive manufacturing market with a highly complementary portfolio of 3D materials trusted by professionals worldwide. taulman3D filaments and polymers are available globally, through distributors on 6 continents Braskem ((B3: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the acquisition of taulman3D, a leading 3D filament supplier of nylon, recycled PETG, and PET filaments to aerospace, automotive, healthcare, industrial, government and higher educati
WEAV3D, Clemson Composites Center & Braskem Partnership Recognized for their Innovative Rebar for Plastics® Lattice Technology Won the Most Innovative Part Award from SPE's Automotive Composites Conference & Exhibition (ACCE) Won Award for Composites Excellence (ACE), Material and Process Innovation from the ACMA Braskem ((B3: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and WEAV3D Inc., an advanced manufacturing and materials startup, today announced Braskem's and WEAV3D Inc.'s thermoplastic composite lattice technology, in partnership wit
Braskem's UTEC® - Accelerating the Future of U.S. Lithium-Ion Battery Manufacturing Braskem ((B3: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)), the Americas' leading polyolefins producer and a global pioneer in biopolymers, today proudly announces that the company has been selected by the U.S. Department of Energy's Office of Manufacturing and Energy Supply Chains to negotiate terms of a $50 million award under the Bipartisan Infrastructure Law. This landmark funding would expand Braskem's ultra-high molecular weight polyethylene (UHMWPE) production capabilities in La Porte, Texas, specifically targeting the lithium-ion battery separator (LIBS) market. This press release features mul
Derived from used cooking oil, Braskem's new mass-balanced Bio-Circular PP represents a significant step towards a circular economy, helping to displace fossil fuels Braskem ((B3: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, today announced the launch of its innovative bio-circular polypropylene (PP), which it sells under the brand name WENEW. WENEW is a groundbreaking advancement in sustainability for the restaurant and snack food industries. Derived from used cooking oil (UCO), this certified bio-circular ISCC Plus mass-balanced product rep
Braskem's Renewable Innovation Center focuses on accelerating early-stage innovations in renewable chemicals and sustainable materials Braskem ((B3: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the opening of its Renewable Innovation Center located in Lexington, Mass. Braskem's new 35,000-square-foot innovation center will accelerate innovation in renewable chemicals and materials. Capabilities at the new center will expand Braskem's competencies in biotechnology, catalysis, and process engineering. A particular focus will be given
The WEAV3D, Clemson Composites Center & Braskem Partnership won for their Rebar for Plastics® Lattice Technology Rebar for Plastics® combines Braskem's polypropylene sheets with WEAV3D's lattice technology to provide new structural and automotive solutions requiring high-strength and lightweight materials Braskem ((B3: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and WEAV3D Inc., an advanced manufacturing and materials startup, today announced Braskem's and WEAV3D Inc.'s thermoplastic composite lattice technology, in partnership with the C
SÃO PAULO, Aug. 8, 2024 /PRNewswire/ -- BRASKEM S.A. ((B3: BRKM3, BRKM5 and BRKM6, NYSE:BAK, LATIBEX: XBRK)) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 2Q24 Earnings Release. 2Q24 HIGHLIGHTS CONSOLIDATED Recurring EBITDA of US$320 million, around R$1,667million, higher than 1Q24 (+39%) and 2Q23 (+128%).Cash position of US$2.8 billion, ensuring coverage of debt maturities over the next 5 years.Operating Cash Generation¹ of US$69 million, around R$357 million, higher than 1Q24 (+US$170 MM) and 2Q23 (+US$82 MM).Braskem Idesa Sales: Best Sales performance since 3Q17, with sales volume of 233 kton, higher than 1Q24 (+12%) and 2Q23 (+9%)T
The launch of Octane Plus production will serve the premium segment of the automotive fuels market Octane Plus meets the demanding needs of today's high-performance engines Braskem ((B3: BRKM3, BRKM5 and BRKM6, NYSE:BAK, LATIBEX: XBRK)) ("Company"), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the expansion of its fuels business portfolio with the launch of Octane Plus focused on serving the premium segment of automotive fuels market worldwide. Octane Plus is an additive blended in the gasoline production process to increase the fuel's octane rating. The addition of Braskem's Octane Plus enhances the fuel's ability to
SÃO PAULO, May 9, 2024 /PRNewswire/ -- BRASKEM S.A. ((B3: BRKM3, BRKM5 and BRKM6, NYSE:BAK, LATIBEX: XBRK)) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 1Q24 Earnings Release. 1Q24 HIGHLIGHTS CONSOLIDATED Recurring EBITDA of US$230 million, around R$1,140 million, higher than 4Q23 (+9%) and 1Q23 (+12%).Cash position of US$3.3 billion, ensuring coverage of debt maturities over the next 69 months.Operating Cash Generation¹ of US$196 million, around R$972 million, higher than 4Q23 (+US$129 MM) and 1Q23 (+US$254 MM).Green PE Production: utilization Rate of 98%, +36 p.p. vs. 4Q23 and +89 p.p. vs. 1Q23. Normalization of green ethylene suppl
SÃO PAULO, March 19, 2024 /PRNewswire/ -- BRASKEM S.A. ((B3: BRKM3, BRKM5 and BRKM6, NYSE:BAK, LATIBEX: XBRK)) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 4Q23 Earnings Release. 4Q23 HIGHLIGHTS CONSOLIDATED Recurring EBITDA of US$ 211 MM, around R$1,049 million. Higher than 3Q23 (+US$23 million) and 4Q22 (+US$243 million).Cash position of US$ 3.6 billion, ensuring coverage of debt maturities over the next 72 months.Cost reduction: Reduction of ~23% in general and administrative expenses, compared to 4Q22. Approximately R$186 MM as a result of fixed cost reduction initiatives.PE Production – Mexico: Utilization Rate of 84%, +18 p.p.
Polypropylene manufactured from bio-attributed and bio-circular propylene will support growing consumer demand for more sustainable plastics Shell Chemicals recently started to supply Braskem ((BM&, FBOVESPA: BRKM3, BRKM5, and BRKM6, NYSE:BAK, LATIBEX: XBRK)) with bio-attributed and bio-circular propylene feedstocks, based on a mass balance approach and independently certified by a third party. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240312774051/en/Braskem will utilize bio-attributed and bio-circular propylene feedstocks for the manufacture of bio-attributed and bio-circular polypropylene enabling more sustainable opti
UBS upgraded Braskem SA from Neutral to Buy
Citigroup upgraded Braskem SA from Neutral to Buy
UBS downgraded Braskem SA from Neutral to Sell
JP Morgan downgraded Braskem SA from Overweight to Neutral and set a new price target of $11.00 from $11.50 previously
HSBC Securities upgraded Braskem SA from Hold to Buy
UBS downgraded Braskem SA from Buy to Neutral
Scotiabank upgraded Braskem SA from Sector Perform to Sector Outperform and set a new price target of $16.75
UBS downgraded Braskem SA from Buy to Neutral
Scotiabank upgraded Braskem SA from Sector Underperform to Sector Perform
BofA Securities downgraded Braskem SA from Buy to Neutral
JP Morgan analyst Ricardo Rezende maintains Braskem (NYSE:BAK) with a Neutral and lowers the price target from $11 to $10.
Braskem (NYSE:BAK) reported $3.618 billion in sales this quarter. This is a 3.34 percent decrease over sales of $3.743 billion the same period last year.
U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday. Shares of Spirit Airlines, Inc. (NYSE:SAVE) fell sharply during Monday's session as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(1.46), down from $(0.82), missing the consensus of $(1.45). Spirit Airlines shares dipped 9.8% to $3.3450 on Monday. Here are some other big stocks recording losses in today's session. EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) shares fell 37.7% to $12.29 after the company’s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified prima
Shares of Perficient, Inc (NASDAQ:PRFT) shares rose sharply during Monday's session after the company disclosed an acquisition deal and first-quarter FY24 results. The company stated that it has entered into a definitive deal to be acquired by an affiliate of BPEA Private Equity Fund VIII (EQT Asia), part of EQT AB in an all-cash transaction at an enterprise value of around $3.0 billion. Perficient shares jumped 53% to $73.60 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) gained 19% to $5.30 following strong first-quarter results. Pacific Biosciences of California, Inc. (NASDAQ:PACB) rose 15% to
The performance of the U.S. corporate bond market in the first quarter of the year was generally flat, though there were notable distinctions between the high-grade and high-yield sectors. Bonds issued by companies with higher credit ratings (BBB and above) experienced a slight downward trajectory, as showed by the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:LQD). Conversely, lower-rated companies boasting higher yields showed modestly positive performance, as indicated by the iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:HYG). Also Read: Top 10 US High-Yield Corporate Bonds With Returns Over 20% In April 2024 Below is a list of U.S. corporate bonds that have ex
U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Wednesday. Shares of Sportradar Group AG (NASDAQ:SRAD) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and authorized a $200 million share repurchase program. Sportradar posted quarterly earnings of 8 cents per share, beating market estimates of 4 cents per share. The company’s quarterly sales came in at $271.88 million, beating market expectations of $271.46 million, according to data from Benzinga Pro. Sportradar Group shares jumped 10.7% to $11.17 on Wednesday. Here are some other big stocks recording gains in today’s session. Annovis Bio, Inc. (NA
Braskem (NYSE:BAK) reported its Q4 earnings results on Tuesday, March 19, 2024 at 08:00 AM. Here's what investors need to know about the announcement. Earnings Braskem missed estimated earnings by -45.0%, reporting an EPS of $-0.8 versus an estimate of $-0.55. Revenue was down $244.00 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.2 which was followed by a 0.0% increase in the share price the next day. To track all earnings releases for Braskem visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor.
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)
6-K - BRASKEM SA (0001071438) (Filer)