Braskem SA (BAK) has released an update.
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Braskem S.A., a leading resins producer in the Americas, reported a significant financial boost with a 44% increase in Recurring EBITDA for the third quarter of 2024, reaching R$2.4 billion, the highest since mid-2022. The company’s performance was driven by improved international petrochemical spreads and operational efficiencies, despite challenges like high maritime freight costs and scheduled plant shutdowns. The strategic partnership with Solví and GRI also contributed positively to Braskem’s financial results, reinforcing its asset value creation strategy.
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