09 March 2010 18:49 [Source: ICIS news]
SAO PAULO (ICIS news)--Braskem will operate near full capacity this year due to strong domestic demand for petrochemical products, the CEO said on Tuesday.
Braskem will operate at over 97% capacity due mainly to demand for thermoplastic resins, Braskem CEO Bernardo Gradin said in Portuguese during an event in Sao Paulo.
Braskem's plants operated at 55% capacity in January 2009 and increased gradually during the year. In the fourth quarter, Braskem’s ethylene production lines were operating at a capacity of 93%, the company said.
Braskem estimates that Brazil’s GDP should grow by approximately 6% this year, a rate that would increase resins demand by around 9% year over year.
According to Gradin, the projection does not consider any major market instabilities or the incorporation of Quattor assets, which is expected to take place by May 2010.
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