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Braskem

#4762

Rank

$1.56B

Marketcap

BR Brazil

Country

Braskem
Leadership team

Mr. Roberto Lopes Pontes Simoes (CEO & Director)

Mr. Pedro van Langendonck Teixeira de Freitas (CFO and Head of Procurement & Institutional Relation)

Mr. Daniel Sales Correa (Exec. Officer and Head of Investments & Digital Technologies)

Products/ Services
Biotechnology, Chemical, Commercial, Industrial, Manufacturing, Plastics and Rubber Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
São Paulo, Sao Paulo, Brazil
Established
1986
Company Registration
SEC CIK number: 0001071438
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
BAK
Social Media
Overview
Location
Summary
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 fules; 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 Petroquímica 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.
History

Braskem was formed in 2002, already Latin America's leading petrochemical company, with industrial units and offices in Brazil, as well as commercial bases in the United States and Argentina. The company was formed by the consolidation of six companies: Copene, OPP, Trikem, Nitrocarbono, Proppet and Polialden. In 2006, Braskem acquired Politeno, the third largest polyethylene producer in Brazil. The company joined Petrobras and Ultrapar the following year in the biggest merger in Brazilian history, when those three companies acquired Grupo Ipiranga for US$4 billion. While Petrobras and Ultrapar shared the fuel distribution operations, Braskem took over Ipiranga Petroquímica, Ipiranga's former petrochemical operation.

In 2016, Braskem was fined $957 million over a bribery scandal.

Mission
We are committed to generating solutions for society by using innovative approaches throughout the value chain, guided by respect and the highest ethical standards.
Vision
To be the most respected and profitable petrochemical company in Latin America, recognized worldwide for its business performance, innovation, safety, sustainability and corporate citizenship.
Key Team

Ms. Cristiana Lapa (Gen. Counsel & Corp. Governance Officer)

Mr. Everson Bassinello (Chief Compliance Officer)

Mr. Marcelo Arantes De Carvalho (Exec. Officer and Head of People, Communication, Marketing & Sustainable Devel.)

André Vieira (Director of Corp. Communication)

Mr. Roberto Bischoff (Head of Competitiveness)

Mr. Mark Nikolich (Head of the Polyolefins North America Unit)

Mr. Marcelo de Oliveira Cerqueira (Exec. Officer and Head of Brazil Manufacturing & Global Industrial Operations)

Recognition and Awards
Braskem has received numerous awards, including the Award for Corporate Social Responsibility in 2020, Award for Environmental Performance in 2020, and the Cabot Performance Award in 2019.
References
Braskem
Leadership team

Mr. Roberto Lopes Pontes Simoes (CEO & Director)

Mr. Pedro van Langendonck Teixeira de Freitas (CFO and Head of Procurement & Institutional Relation)

Mr. Daniel Sales Correa (Exec. Officer and Head of Investments & Digital Technologies)

Products/ Services
Biotechnology, Chemical, Commercial, Industrial, Manufacturing, Plastics and Rubber Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
São Paulo, Sao Paulo, Brazil
Established
1986
Company Registration
SEC CIK number: 0001071438
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
BAK
Social Media