Braskem seeks to stimulate Brazil's plastics manufacturing

18 September 2013 19:01  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Braskem has launched a plan to stimulate the competitiveness of the Brazil’s plastics processing industry, the petrochemical maker said on Wednesday.

According to Braskem, the Stimulus Plan to the Plastics Chain (PIC) includes investments that can be used to increase the segment's exports, as well as to stimulate innovation in the industry.

The Brazil-based company seeks to double exports of polyethylene (PE) and polypropylene (PP) resins within two years, it said, adding that the country’s plastic-processing industry exported 238,000 tonnes in 2012.

Braskem also seeks through the plan to increase competitiveness through capacity building initiatives and training.

According to Braskem's polyolefins and renewables vice president, Luciano Guidolin, Braskem wants the country's chemical industry to be more prepared to compete in all markets and reduce Brazil’s trade imbalance.

Looking to execute the plan, Braskem said it will intensify and formalise partnerships with clients, sector's associations, industry federations and institutions such Brazil’s development bank, BNDES.

The company did not disclose financial details of the stimulus plan.

By: Leo Siqueira
+1 713 525 2600

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