Business Services Industry
Braskem inks R$430mil contract with Rhodia-Ster.
South American Business Information, February, 2003
Brazil, Feb 27, 2003 (Gazeta Mercantil/SABI via COMTEX)
The Brazilian petrochemicals company Braskem has entered a deal with Rhodia-Ster (Italian group M&G - Mossi & Ghisolfi) to supply 300,000 m tons of para-xylene. The 3-years term contract is worth R$430mil. The company has recently inked a R$300mil contract with Rio Polimeros, for the supply of 80,000 m tons of polyethylene. Rio Polimeros starts up in September 2004 and will use Braskem product' for pre-marketing purposes. The chairman of Braskem, Jose Carlos Grubisich said that 100,000 m tons of para-xylene will be supplied by the Camacari-based plant (Bahia). He added that Rhodia-Stger used to buy the para-xylene abroad, as from Repsol-YPF (Argentina) or BP Amoco. With the operation, the Brazilian company...
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