Braskem reports higher sales and EBITDA of R$1.5 billion in 3Q19 while facing downcycle in petrochemical industry
(World News Brazil)

Braskem reported growth in its resin sales volume in both the domestic and export markets, with EBITDA growth of 2% on the prior quarter. Recurring EBITDA in the quarter was R$1.55 billion, or US$389 million, in line with 2Q19, while sales revenue was $13.3 billion, also in line with the prior quarter. As a result of the slowdown in the global economy, Braskem has been facing a downcycle in the global petrochemical industry. `We are concentrated on doing our part to weather this moment of the cycle. In the quarter, we captured efficiency gains in our inventory management efficiency, reduced our accident frequency rate, which is 63% below the industry average, and filed our 20-F Forms for...