Braskem, the largest petrochemical company in the Americas, achieved high production and sales rates that resulted in a record EBITDA result in 2016. According to unaudited results, the Company’s consolidated EBITDA grew 23% over the previous year and reached R $ 11.5 billion ($ 3.3 billion, up 18% in dollars).
This result is explained by the good operating performance of the industrial plants, the current levels of resin spreads in the international market, the higher volume of exports from Brazil, the good performance of the US and European operations, the start of production of the Petrochemical Complex. Mexico, in addition to the 5% average depreciation of the real.”The 2016 results proved Braskem’s successful strategy,” says Fernando Musa, the company’s president. “Braskem maintained its focus on operating efficiency in line with its positioning to pursue the diversification of raw materials and the internationalization of its operations in the Americas.”
