Tue05052015

Last updateTue, 05 May 2015 1pm

Brazil's Braskem to Invest in Mexico Petrochemicals

Brazil's Braskem SA will invest $2.5 billion in the Mexican petrochemical industry, the company's Chief Executive Bernardo Gradin said on Tuesday.

The company announced a plan last year to pair up with Mexican petrochemical firm Idesa for an ethylene project that was expected to involve initial investment of $2.5 billion.

Source: Reuters

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