Braskem to spend $50m on its US PP business

22 September 2010 23:13  [Source: ICIS news]

HOUSTON (ICIS)--Brazil-based producer Braskem plans to spend $50m (€41m) on its US polypropylene (PP) business through 2011, the company said on Wednesday.

Braskem acquired the business earlier this year from Sunoco, a US refiner.

Of the $50m, Braskem will spend more than $35m on its plants, of which $15m will go to the plant in La Porte, Texas, the company said.

Specifically, Braskem will expand capacity of the La Porte plant's Spheripol technology line and idle the slurry technology line, the company said. Polymer production made on the slurry technology line would be transitioned within the La Porte facility and Braskem's other US plants.

Braskem said it expects that the La Porte plant will play a key role in the company's expansion plans in the US.

Overall, the $50m will improve the infrastructure at the plants, integrate the PP business with the parent company and implement Braskem's quality and productivity programmes, the company said.

($1 = €0.75)

ICIS has launched weekly pricing reports in Africa for polyethylene and polypropylene. For more information contact Nadine Spoeri
For more on PP visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Al Greenwood
+1 713 525 2645



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