Braskem SA ADR (BAK) News
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BAK News Highlights
- BAK's 30 day story count now stands at 37.
- Over the past 24 days, the trend for BAK's stories per day has been choppy and unclear. It has oscillated between 1 and 17.
- AG, DOW and SE are the most mentioned tickers in articles about BAK.
Latest BAK News From Around the Web
Below are the latest news stories about Braskem Sa that investors may wish to consider to help them evaluate BAK as an investment opportunity.
UPDATE 3-Brazil's Novonor resumes sale of petrochemical producer BraskemBrazilian engineering company Novonor, formerly known as Odebrecht SA, said on Thursday it had resumed contacts with bidders to sell its controlling stake in petrochemical producer Braskem SA. Proceeds of the sale will pay the conglomerate's creditors, mainly the largest banks, as set forth in agreements with creditors within the bankruptcy protection process. Novonor paused discussions with Lyondell Basell Industries NV over the Braskem sale two years ago, when Braskem was under fire over environmental problems related to its mining activities in the northeastern city of Maceio. |
Braskem Strong On Soaring Resin Prices And More Operational CertaintyWhether it’s wood, steel, or plastic, if you sell a commodity these days, odds are pretty good you’re enjoying strong prices. That’s certainly good news for Braskem (BAK), as although these peak prices won’t last, the company can make quite a bit of money in the meantime. On top of... |
No Deal Yet as Braskem Idesa, Pemex In Talks to Modify Ethane Supply Contract - Natural Gas IntelligenceThe terms of a new ethane supply agreement between Mexican national oil company Petróleos Mexicanos (Pemex) and petrochemical firm Braskem Idesa remain |
Global Butadiene Market (2021 to 2026) - Growth, Trends, COVID-19 Impact, and Forecasts - ResearchAndMarkets.comDUBLIN--(BUSINESS WIRE)--The "Butadiene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering. The Global Butadiene Market size was estimated at 12,432 kilotons in 2020 and the market is projected to register a CAGR of over 3.5% during the forecast period (2021-2026). Companies Mentioned BASF SE Braskem China Petroleum & Chemical Corporation Dow Evonik Industries AG Exxon Mobil Corporation Formosa Plastics Group INE |
Braskem discloses probe of bribery claims in MexicoBraskem (BAK) has opened an internal investigation into bribery allegations made last year by the former CEO of Mexico' state-run oil company, according to a Brazilian securities filing.The company disclosed that it hired an unnamed U.S. law firm to review the claims by former Pemex CEO Emilio Lozoya.Braskem says the... |
Braskem plans polymer logistics hub in SingaporeBrazilian petrochemical manufacturer Braskem plans to establish a logistics hub in Singapore in partnership with Danish shipping firm AP Moller-Maersk and Singapore port operator PSA, which can help shorten lead times for its polymer supplies to growing markets like China, India, Japan and Indonesia. |
Green Polyethylene Market Analysis of New Report 2021-2026 by Top Companies like Braskem, Elopak, Dow, SABICThe global Green Polyethylene market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Green Polyethylene costs and increasing production and growing |
Braskem (BAK) Q4 2020 Earnings Call TranscriptBAK earnings call for the period ending December 31, 2020. |
UPDATE 2-Mexico says Braskem Idesa to pay more costs in new Pemex accordBrazil's Braskem Idesa must pay more of the costs in a new gas supply agreement with state oil firm Petroleos Mexicanos (Pemex) that will save Mexico some 13.75 billion pesos ($661 million), Pemex Chief Executive Octavio Romero said on Wednesday. Pemex said under a deal struck late last month, it will only be required to supply ethane gas to Braskem Idesa until 2024 and would avoid past penalties for failing to meet the terms of the original contract, which Mexico's government had pilloried. |
UPDATE 2-Brazil's Braskem says gas supply in Mexico restarted, share riseBraskem Idesa (BI), a Mexican unit of Brazilian petrochemical producer Braskem SA , has begun to receive natural gas from Mexican agency Cenagas, after supply of the fuel was cut off in December, it said in a Monday securities filing. In the filing, Braskem said it had signed a new service contract with Cenagas, along with a memorandum of understanding with Mexico's state-run oil firm Pemex regarding potential amendments to an ethane supply contract. The news sent Brazil-listed Braskem shares up 6.3% in early trading on Monday, significantly outpacing Brazil's benchmark Bovespa equities index, which had climbed 1.5%. |