Braskem to invest R10m in bulk logistics project in Bahia

23 November 2010 13:57  [Source: ICIS news]

LONDON (ICIS)--Braskem will invest Reais (R) 10m ($5.8m, €4.3m) in a bulk logistics project to deliver resins to its partners at the Camacari Complex in Brazil's state of Bahia, the Brazilian petrochemicals and plastics major said on Tuesday.

With this new system, Braskem said it hopes to strengthen its partnership with clients and its focus on improving the group's petrochemical chain.

Braskem said the first client to benefit from this new logistics system would be Cromex, a Brazilian producer of plastic colour and additive masterbatches, which has invested around R6m to expand its unit at the complex.

"Initially we will receive 2,000 tonnes/month in bulk resins from Braskem, taking advantage of Cromex’s new unit, which received investment of around R6m to expand its production capacity by 40%," said Cromex CEO Sergio Wajsbrot.

Braskem said the new bulk logistics system would allow for a fast and better service, simplified operations, as well as lower logistics costs and shorter product-handling times.

(R1 = $0.58, R1 = €0.43)

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By: Franco Capaldo
+44 (0)20 8652 3214

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