Welcome to our dedicated page for Braskem Sa news (Ticker: BAK), a resource for investors and traders seeking the latest updates and insights on Braskem Sa stock.
Braskem SA (BAK), Latin America's largest petrochemical producer, maintains this dedicated news hub for investors and industry stakeholders. Access official press releases, financial disclosures, and operational updates from the global leader in resins and biopolymers.
This resource consolidates essential announcements including quarterly earnings reports, strategic partnerships, and sustainability initiatives. Monitor developments across Braskem's international operations in Brazil, the United States, and Europe, with coverage spanning production innovations, market expansions, and environmental commitments.
All content originates from verified corporate communications, ensuring reliable tracking of the company's position in the chemicals sector. Users gain insights into Braskem's core operations in olefins production, renewable polymer research, and energy transition strategies through unfiltered source materials.
Bookmark this page for streamlined access to Braskem's latest corporate developments. Combine these primary sources with market analysis tools for comprehensive investment research.
Braskem (NYSE: BAK) and WEAV3D, in partnership with Clemson Composites Center, have won the 2024 Altair Enlighten Award's Future of Lightweighting category for their innovative thermoplastic composite lattice technology. This technology combines WEAV3D's Rebar for Plastics® with Braskem's polypropylene sheets to create a cost-effective, lightweight solution for structural automotive applications.
The partnership's technology offers significant benefits compared to conventional composite organosheet:
- Reduces sheet blank weight by ~50% and final part weight by ~23%
- Cuts costs by ~50%
- Increases sheet yield from 25% to 45% by weight, resulting in a 62% reduction in trim waste
This innovative solution enables the cost-effective replacement of sheet metal structures with thermoplastics throughout vehicles, contributing to reduced carbon emissions and enhanced sustainability in the automotive industry.
Braskem S.A. (NYSE: BAK) reported significant financial improvements in Q2 2024. The company achieved a Recurring EBITDA of $320 million, which represents a 39% increase from Q1 2024 and a 128% increase from Q2 2023.
Braskem's cash position stands robust at $2.8 billion, ensuring debt maturity coverage over the next five years. Operating cash generation for the quarter was $69 million, a notable rise from both Q1 2024 and Q2 2023.
The Braskem Idesa sector recorded its highest sales volume since Q3 2017, with 233 kton, marking a 12% increase from Q1 2024 and a 9% rise from Q2 2023.
For more detailed insights, investors can access the complete earnings release on Braskem's IR website.
Braskem (NYSE: BAK), a leading producer of polyolefins and biopolymers, announced the expansion of its fuels business portfolio with the launch of Octane Plus. This premium fuel additive increases gasoline's octane rating, enhancing performance in high-performance engines. Developed at Braskem's Petrochemical Complex in Triunfo, Brazil, Octane Plus will primarily serve Central and North American markets. Initial exports from Brazil have begun, with more shipments expected soon. Braskem aims to combine quality, performance, and sustainability in its fuel products.
Braskem, the largest resin producer in the Americas, reported a recurring EBITDA of US$230 million in 1Q24, a 9% increase from 4Q23 and a 12% increase from 1Q23. The company also highlighted a cash position of US$3.3 billion, operating cash generation of US$196 million, and an increase in green PE production utilization rate. Braskem's full earnings release can be found on their IR website.
FAQ
What is the current stock price of Braskem Sa (BAK)?
What is the market cap of Braskem Sa (BAK)?
