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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Braskem S.A.    BRKM5   BRBRKMACNPA4

BRASKEM S.A.

(BRKM5)
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Braskem S A : America Becomes an Operation Clean Sweep® blue Member

10/07/2020 | 04:13am EST

Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announces it has become an Operation Clean Sweep® (OCS) blue member.

Operation Clean Sweep® is a joint stewardship program administered by the American Chemistry Council's (ACC) Plastics Division and the Plastics Industry Association (PLASTICS). In 2018, Braskem committed to adopting best practices around pellet, flake, and powder control at all of its industrial sites, including becoming OCS blue members by end of 2020. This is a significant and meaningful recognition for Braskem since OCS blue membership is the highest level of participation in the Operation Clean Sweep® program and includes a group of distinguished companies globally that are committed to enhanced actions around pellet, flake, and powder control, reporting, training, and engaging externally on OCS best practices with partners throughout the value chain.

Geoffrey Inch, Braskem's North America Sustainability Director, states, "Braskem is strengthening its practices and implementing best-in-class materials handling solutions at each of our manufacturing sites, as well as our Innovation & Technology Center. We are building on our culture of continuous improvement as we work toward our objective of zero pellet, flake, and powder loss across our operations. Environmental stewardship is a core part of Braskem's sustainable development strategy, and Braskem is motivated to do our part to prevent leakage within the supply chain and help ensure plastic is contained, reused or disposed of properly."

To learn more about Operation Clean Sweep® blue visit https://www.opcleansweep.org/pledge/ocs-blue/ .

As the North American leader in polypropylene, Braskem is strongly committed to move towards a Circular Economy, where nothing is wasted and everything is transformed. Earlier this year, Braskem became a founding member and funding partner of the Polypropylene Recycling Coalition, an initiative of The Recycling Partnership with a focus on increasing U.S. curbside recycling access for polypropylene (PP) and ensuring PP is widely recovered and reused in end-markets such as food and beverage packaging, consumer products and automotive. Braskem is also a founding member of the Alliance to End Plastic Waste. For additional information about Braskem's circular economy position please visit online at www.braskem.com/circulareconomy .

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2020 51 911 M 9 745 M 9 745 M
Net income 2020 -4 391 M -824 M -824 M
Net Debt 2020 47 469 M 8 912 M 8 912 M
P/E ratio 2020 -4,25x
Yield 2020 0,01%
Capitalization 18 850 M 3 530 M 3 539 M
EV / Sales 2020 1,28x
EV / Sales 2021 0,99x
Nbr of Employees 4 700
Free-Float 25,4%
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 28,36 BRL
Last Close Price 23,44 BRL
Spread / Highest target 70,6%
Spread / Average Target 21,0%
Spread / Lowest Target 0,26%
EPS Revisions
Managers
NameTitle
Roberto Lopes Pontes Simões President & Chief Executive Officer
José Mauro Mettrau da Cunha Chairman
Pedro van Langendonck de Freitas CFO & Investor Relations Officer
João Cox Neto Vice Chairman
Gesner José de Oliveira Filho Independent Director
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