Braskem mulls expansion in North America

01-Jul-09
Latin America's largest petrochemical company Braskem is in the process of considering an expansion. The company is mulling expansion in North America by acquisitions that would position it for long-term growth by opening access to clients, logistics, production and operations. The company’s current cash holdings total to about US$1.55 bln. So far, Braskem was not considering large acquisitions in a bid to preserve cash holdings until the end of the global credit crunch.
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