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Brazil: Petrochemical companies announce investments.
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South American Business Information
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December 4, 2004
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Copyright informationCOPYRIGHT 2004 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Dec 1, 2004 (O Estado de Sao Paulo/SABI via COMTEX)
The Brazilian petrochemical industry is advancing investments to boost production thanks to the recovery of the Brazilian economy. The Brazilian GDP grew by 6.1% in the Q3 2004 (July-Sep) when compared to same period in 2003. Petroquisa (Petrobras Quimica), Braskem, Suzano Petroquimica and Petroflex already announced measures to quickly meet the demand of the domestic market. Braskem, largest petrochemical company of Latin America, intends to accelerate proejcts. The company predicts investments of R$600mil for 2005 - twice the amount to be disbursed in the whole of 2004. Suzano Petroquimica has announced US$65mil ...
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