Crossover demand helps Braskem to blow-out LM trade

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Crossover demand helps Braskem to blow-out LM trade

Oliver West
October 30, 2019 07:00 AM
Braskem, Brazil, chemcials, LatAm
Saxon Anhalts Minister President Reiner Haseloff (CDU, 2.f.r.) informs himself of the work of Christian Luther (r.) at the Braskem Europe GmbH in Schkopau, Germany, 30 October 2015. After extensive renovation of the process control system and an investment of around 10 million euros, the new system for controlling the polypropylene plants is now in operation. At the same time Braskem has produced its five millionth ton polypropylene at its plant in Schkopau . At its 36 industrial sites in Brazil, United States and Germany, the Brazilian group annually produces more than 16 million tons of thermoplastic resins, other petrochemical products and employs approximately 8,000 people worldwide. Photo: HENDRICK SCHMIDT/dpa | Hendrik Schmidt/DPA/PA Images

Brazilian petrochemicals firm Braskem clinched a $2.25bn dual tranche bond issue on Tuesday with bankers close to the deal claiming a negative new issue concession after US corporate buyers helped build a strong book.

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Oliver West
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