Braskem

Braskem

Produces thermoplastic resins and biopolymers globally

About Braskem

Simplify's Rating
Why Braskem is rated
D+
Rated C on Competitive Edge
Rated D+ on Growth Potential
Rated D- on Differentiation

Industries

Industrial & Manufacturing

Consumer Goods

Company Size

10,001+

Company Stage

IPO

Headquarters

São Paulo, Brazil

Founded

2002

Overview

Braskem is a major petrochemical producer with plants in Brazil, the United States, Mexico, and Germany, supplying thermoplastic resins like polyethylene, polypropylene, and PVC, plus other chemicals. It also makes biopolymers, including green polyethylene derived from sugarcane ethanol, using renewable feedstocks. Its products serve industries such as packaging, construction, automotive, and consumer goods in more than 70 countries, sold to manufacturers for further processing. The company differentiates itself as Latin America's largest petrochemical producer with a strong focus on sustainable solutions and renewable materials, and aims to expand its global manufacturing network and increase the share of low-carbon materials in its product line.

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Simplify's Take

What believers are saying

  • IG4 Capital acquires 50.1% voting control via R$20B debt-to-equity swap resolving disputes.
  • Philadelphia Eagles Tackling STEM program reaches 15,000 students since 2018.
  • Holds 4.5% US market share in plastic and resin manufacturing with 8,482 employees.

What critics are saying

  • R$51.8B debt and negative cash flow trigger bankruptcy filing by mid-2026.
  • Maceió land sinking exceeds R$7B in costs, forcing asset sales immediately.
  • Auditors flag going-concern doubt; stock drops 10% amid restructuring failures.

What makes Braskem unique

  • Braskem produces world's first green polyethylene from sugarcane ethanol at 200,000 tons annually.
  • Leads US polypropylene production with 1.5 million tons capacity across five plants.
  • Showcases post-consumer recycled portfolio with bio-circular solutions at PRSE 2025.

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Funding

Total Funding

$3.8B

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Short- and Long-Term Disability Insurance

Flexible Work Hours

Maternity and Paternity Leave

Teladoc

Pet Insurance

Legal and ID Theft Insurance

Retirement Benefits

Company News

Control Station
Apr 9th, 2026
April 9, 2026 - Control Station names Braskem's Neal Plant industry leader in PID performance.

April 9, 2026 - Control Station names Braskem's Neal Plant industry leader in PID performance. * By Control Guru * April 9, 2026 Integration of PlantESP and Asset Intellect helps manufacturers turn control loop diagnostics into faster operational decisions Control Station, Inc., today named Braskem's Neal Plant as the recipient of its inaugural Top Performing Facility Award. The recognition honors the Braskem facility's exceptional performance in achieving world-class PID control loop effectiveness as measured by Overall Controller Effectiveness (OCE). As process manufacturers increasingly adopt data-driven performance metrics to improve reliability and efficiency, benchmarking control loop effectiveness has become a critical component of operational excellence. Located in Kenova, West Virginia, the Neal Plant distinguished itself from more than 150 production facilities by achieving the highest average benchmark for plant-wide regulatory controller performance during calendar year 2025. Through proactive monitoring and analysis of PID control loops, the site achieved industry-leading OCE scores that reflect superior controller utilization, minimized variability, and sustained operational excellence. "Braskem's Neal Plant exemplifies what is possible when organizations prioritize their control infrastructure as a strategic asset," said Dennis Nash, President of Control Station. "Their commitment to continuously monitoring and improving control loop effectiveness has delivered measurable gains in stability, throughput, and efficiency. This data-driven approach to optimization is precisely what the Top Performing Facility Award was created to celebrate." The award was based on a year-long, data-driven evaluation of OCE scores collected monthly from a diverse set of global manufacturing sites using Control Station's PlantESP Loop Performance Monitoring solution. As an analogue to Overall Equipment Effectiveness, OCE provides a holistic measure of controller health by assessing factors that characterize an individual PID loop's availability, performance, and quality. Because OCE is computed using normalized values, performance can be compared across different loop types and aggregated seamlessly from loop to unit, plant, and even enterprise levels. This approach is helping establish OCE as a standard benchmark for control performance across the process industries. Braskem's achievement reflects a sustained focus on best practices in loop tuning, performance monitoring, and proactive maintenance. By leveraging advanced analytics and standardized workflows, the Neal Plant has improved process stability and reduced operator intervention, unlocking incremental production capacity and delivering measurable improvements in cost efficiency and operational reliability. "Achieving world-class regulatory control performance requires both the right technology and a culture of continuous improvement," commented Bob Rice, PhD, Control Station's Vice President of Engineering. "Braskem's Neal Plant has demonstrated leadership in both areas, delivering measurable gains in operational performance and overall efficiency."

Plastics News
Dec 17th, 2025
Brazilian investment firm IG4 buying Braskem

Brazilian investment firm IG4 buying Braskem. Brazilian materials leader Braskem is being acquired by financial firm IG4 Capital. Plastikos Medical is expanding its ISO Class 7 clean room capacity with the addition of three Arburg injection molding machines to support growing demand from medical device OEMs.

InvestNews
Dec 15th, 2025
IG4 Capital to take control of Braskem in R$20B debt-to-equity deal with banks and Petrobras

Brazilian asset manager IG4 Capital has moved to assume control of petrochemical company Braskem after major creditor banks agreed to transfer shares pledged as collateral by Novonor (formerly Odebrecht) to a fund advised by IG4. The parties have agreed to a 60-day exclusivity period to complete the transaction, which requires approval from Brazilian antitrust authority Cade. Itaú, Bradesco, Santander, Banco do Brasil and BNDES, holding approximately R$20 billion in credits against Novonor backed by Braskem shares, are participating in the deal. IG4 will hold 50.1% of voting capital and 34.3% of total capital, sharing control with Petrobras. Novonor will retain 4% in preferred shares without governance rights. The agreement resolves a protracted dispute and paves the way for a new shareholders' agreement with Petrobras.

Bankb
Nov 11th, 2025
Novonor Nears Braskem Stake Sale to IG4

Novonor SA is nearing a deal to sell its controlling stake in Braskem SA to a fund managed by IG4 Capital. This transaction involves one of the world's largest petrochemical companies, according to sources familiar with the situation.

Bloomberg L.P.
Oct 4th, 2025
Braskem Taps $1 Billion Credit Facility Amid Debt Review

Braskem SA, the Brazilian chemical giant, said it tapped the entirety of a $1 billion credit line amid an industry downturn and mounting investor concern.

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