July 21, 2009

BRASKEM SA: Records BRL51.2MM for Envt’l. Contingency at Dec. 31

COMPANIES: Braskem SA

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Braskem S.A. has established a provision for environmental contingencies in the amount of BRL51.2 million at Dec. 31, 2008.

The Company used BRL239.5 million to perform maintenance on its plants during scheduled shutdowns during 2008 and BRL161.3 million in its safety,…

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TOPICS: Chemicals/Petrochemicals/Plastics | Earnings | Legal Issues, Litigation | Loans & Financing | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US

LOCATIONS: Brazil