01 February 2010 22:27 [Source: ICIS news]
HOUSTON (ICIS news)--Brazilian petrochemicals maker Braskem said on Monday it became the world’s eighth-largest resin producer after its takeover of rival group Quattor and the newly-announced acquisition of US polypropylene (PP) maker Sunoco Chemicals.
"We are number eight now and we plan to be among the top five producers by 2020,” said Braskem’s vice president and chief financial officer Carlos Fadigas during a conference call.
Fadigas said the acquisition of Sunoco increased Braskem’s PP capacity by 950,000 tonnes/year.
The company now has 26 plants in ?xml:namespace>
Braskem will continue to expand but only within the
He added that Braskem plans to export resin from Latin America into the
In addition to its expansion projects in
Fadigas said Braskem also plans to acquire more assets in the
The company would consider having its own cracker in the
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