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Braskem SA ( (BAK) ) just unveiled an announcement.
On January 17, 2025, Braskem S.A. announced its participation in a ceremony organized by the Brazilian Chemical Industry Association at the Triunfo petrochemical complex. During the event, Braskem revealed its plans to invest approximately R$614 million in seven projects aimed at expanding its production capacity by 139 thousand tons across Bahia, Rio Grande do Sul, and Alagoas. This initiative underscores Braskem’s commitment to the Brazilian chemical sector, anticipated to create over 2,200 jobs, thereby strengthening its market position and benefiting stakeholders.
More about Braskem SA
Braskem S.A. is a leading company in the chemical industry, primarily engaged in the production of polyethylene (PE), polyvinyl chloride (PVC), and other chemical products. The company focuses on expanding its operations within the Brazilian market.
YTD Price Performance: 2.75%
Average Trading Volume: 924,100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.63B
See more insights into BAK stock on TipRanks’ Stock Analysis page.
