In June 2008, Braskem UTEC business registered its highest sales figures for a single month. The new record represents an important milestone for Braskem since it was obtained through an important growth in sales in Europe. "Braskem has a consistent customer base in the US and Canada. This new sales record strengthens our position in the second largest UHMW-PE marketplace," stated Carlos Lollato, UTEC Global Business Manager.
This sales growth was achieved despite cost increases in raw materials and price readjustments for resins, which led Braskem to announce a US$ 0.25/lb price increase for the North American market in the beginning of July. "We achieved this result because of our policy to keep our prices permanently aligned with those practiced in the international market, which is in line with our commitment to preserve the competitiveness of our customers as well as the entire petrochemical and plastic production chain," says Lollato.
Braskem will continue to invest in UHMW-PE market development and in its UTEC and Idealis product portfolio. "UHMW-PE market evolution encourages us to continue our investment in this business, which will most certainly provide us with new reasons to celebrate in the future," concluded Carlos Lollato.
-Company Press Release