APLA '10: Braskem focuses on Colombia market with new office
09 November 2010 14:56 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--?xml:namespace>Brazil’s Braskem is in the process of opening an office in Colombia in a move to help it serve markets in that region and also in the Caribbean, a manager at the company said on Tuesday.
Brazilian producers were taking advantage of Colombia’s low import tariffs for the nation’s material, said Braskem’s export manager Marco Antonio Cione.
Cione was speaking on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
As a result of the low tariffs, Brazilian prices are often competitive with local material as well as with US and Asian imports, according to Colombian buyers.
The tariff for low density polyethylene (LDPE) is 5%, while linear low density and high density PE (HDPE) tariffs are 1.95%. Polypropylene (PP) homopolymers pay 3.7%
Logistics are not that favourable, considering that product must be shipped from production centres in Brazil in the southeast, far from destinations in the Pacific or the Caribbean, Cione said. However, imports from other countries were more difficult, he added.
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