Brazil’s Braskem to invest R18.4m in Triunfo during 2010

27 October 2009 22:04  [Source: ICIS news]

SAO PAULO (ICIS news)-- Brazil’s Braskem will invest Brazilian reais (R) 18.4m ($10.7m) in southern Brazil in 2010 to expand its low density polyethylene (LDPE) capacity by 21,000 tonnes/year at its Triunfo units, the company said on Tuesday.

After the investment, Braskem’s total capacity of LDPE would reach 405,000 tonnes/year, the producer said.

Some R11.2m would be spent to increase by 12,000 tonnes/year the production capacity at recently incorporated Petroquimica Triunfo to 172,000 tonnes/year, according to the company.

Braskem added it would spend the remaining R7.2m at another unit in Triunfo to increase its production capacity of PE by 8,700 tonnes/year.

Braskem said the company was working on investment details and planned to have them ready by November.

The investment was aimed at preparing Braskem to process the ethylene produced by Braskem’s new green ethylene plant in Triunfo, scheduled to come on stream in 2010, the company said.

($1 = R 1.7)

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By: Hellen Berger
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