Braskem Announces Major Investment in Rio de Janeiro Plant Expansion

An update from Braskem SA ( (BAK) ) is now available.

On June 3, 2025, Braskem S.A. announced a significant investment of R$4.3 billion to expand its polyethylene production capacity at its Duque de Caxias complex in Rio de Janeiro. The ‘Transforma Rio’ project aims to increase production by 230,000 tons annually and is set to commence operations in 2028. This initiative is part of Braskem’s broader transformation strategy to modernize operations and strengthen its role in the Brazilian petrochemical industry. The project, which requires a long-term ethane supply agreement with Petrobras, underscores Braskem’s commitment to enhancing national supply and competitiveness, although final approvals are still pending.

The most recent analyst rating on (BAK) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Braskem SA stock, see the BAK Stock Forecast page.

Spark’s Take on BAK Stock

According to Spark, TipRanks’ AI Analyst, BAK is a Neutral.

The overall stock score of 48 reflects the company’s financial instability as the most significant factor, with substantial debt and negative equity posing major risks. Despite strong earnings growth and strategic initiatives, ongoing leverage challenges and mixed technical signals contribute to a cautious outlook.

To see Spark’s full report on BAK stock, click here.

More about Braskem SA

Braskem S.A. is the largest petrochemical company in Latin America, primarily focusing on the production of polyethylene and other petrochemical products. The company operates in the industrial sector with a significant presence in Brazil, aiming to enhance its market position through strategic investments and technological advancements.

Average Trading Volume: 908,845

Technical Sentiment Signal: Sell

Current Market Cap: $1.54B

Learn more about BAK stock on TipRanks’ Stock Analysis page.