|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||14.84 - 15.23|
|52 Week Range||12.31 - 27.06|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.00|
Brazil petrochemical producer Braskem SA said on Monday that investigators it had hired had not yet determined what caused property damage near its mining project in the state of Alagoas, according to a filing. A report by the Brazilian geological service released in May blamed mining by Braskem for damage to real estate in the state capital of Maceio. Braskem said its findings diverged from those of the geological service, without giving details.
OTC: BRKMY), the largest thermoplastics polyolefins producer in the Americas and leading producer of biopolymers in the world, and Natural Farm, a leading provider of 100% natural pet food based in Atlanta, today announced the adoption of Braskem's I'm greenTM Polyethylene (PE) bioplastic for the consumer packaging of its Natural Farm'sTM line of high-quality pet food products.
OTC: BRKMY), the largest thermoplastics polyolefins producer in the Americas and leading producer of biopolymers in the world, and ProdTek, a product development and manufacturing company serving the artificial turf, flooring and textile industries with innovative solutions, today announced the integration of Braskem's I'm greenTM Polyethylene (PE) bioplastic in ProdTek's new Turf CushionTM line of turf underlay products. ProdTek's revolutionary new Turf Cushion™ is installed under artificial turf for a wide range of applications including play grounds, play areas, sports fields, roof tops, indoor play areas and other areas where shock attenuation is critical for users.
Honeywell struck a deal with Brazilian chemical company Braskem to bring wearable technology to the company’s Mexican division.
Braskem suffered a sharp fall in second-quarter net income due to slower demand in Europe and Mexico, and the freezing of funds to pay for environmental damages in Alagoas state. Latin America's biggest petrochemical company on Wednesday reported net income of 129 million reais ($32.5 million), down 76% from a year ago despite good results in Brazil and the United States. The company said in a securities filing that its U.S. petrochemical plants performed better and it enjoyed higher sales of chemicals in the Brazilian market, while spreads for chemicals remained high internationally.
The New York Stock Exchange (NYSE) scheduled for October 17, 2019 the hearing related to the appeal filed by Braskem against the NYSE's decision to suspend trading and commence delisting of the American Depositary Shares (ADS) of the Company after failing to file its 20-F Form for fiscal year 2017. In view of the request for court-supervised reorganization filed by Odebrecht S.A. and other companies of the Odebrecht Group (ODB), including the Company's direct parent company, OSP Investimentos S.A., Braskem was informed by ODB that there has been no change its ownership structure, since all common and preferred shares issued by the Company continue to be held by OSP Investimentos S.A. through fiduciary sale to certain creditors of ODB.
Screening for stocks that more than double the earnings yield of the 20-year high-quality corporate bond increases the likelihood of discovering value opportunities Continue reading...
LATIBEX: XBRK), the largest thermoplastics polyolefins producer in the Americas and leading producer of biopolymers in the world, and the Philadelphia Union, of Major League Soccer (MLS), jointly announced today that they have formed a new multi-year partnership to advance the Circular Economy with Closed Loop Recycling and Science, Technology, Engineering and Mathematics (STEM) education initiatives with local youth.
Brazilian conglomerate Odebrecht SA filed on Monday for bankruptcy protection, aiming to restructure 51 billion reais ($13 billion) of debt in what would be one of Latin America's largest-ever in-court debt restructurings. The bankruptcy filing comes after years of struggles for Odebrecht, the biggest of the Brazilian engineering groups caught in a sweeping political corruption investigation that has rippled across Latin America. In the filing, the company asks the judge to bar the group's seven largest creditors - six banks and an investment fund - from taking possession or selling shares in the group's crown jewel, its controlling stake in petrochemical company Braskem SA.
Prosecutors for the Brazilian northeastern state of Alagoas filed a lawsuit against the country's largest petrochemical company, Braskem SA, seeking to guarantee compensation for damages caused by the firm, the Alagoas government said on Friday. In the lawsuit, the state asks a local court to block any attempt from Braskem's controlling shareholder, the Odebrecht conglomerate, to spin off the business based in Alagoas to facilitate a possible deal to sell the petrochemical company. Odebrecht, which is struggling to restructuring its 80 billion reais ($20.63 billion) in debt, had plans to sell a controlling stake in Braskem.
On Wednesday, Mexican officials will seek to persuade the White House in talks hosted by U.S. Vice President Mike Pence that their government has done enough to stem immigration and avoid looming tariffs. "We think today's meeting with Pence and (Secretary of State Mike) Pompeo will go well, but probably not enough for a deal to stop the tariffs now," said analysts at Citigroup Research in a note. The tariffs are set to take effect on June 10 at an initial 5 percent and rise as high as 25 percent later in the year.
Odebrecht SA's failure to sell its controlling stake in petrochemical company Braskem SA to LyondellBasell Industries NV and lack of cash are complicating the task of restructuring 80 billion reais ($20.67 billion) in debt owed by the corruption-ensnared conglomerate, three sources with knowledge of the matter said. The conglomerate was counting on Braskem dividends to service its debt. LyondellBasell said on Tuesday it ended talks with Odebrecht SA to buy Braskem "after careful consideration" but did not elaborate further.