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UPDATE 1-Braskem boosts investment, ready to fire up Mexico plant

2016-02-18 20:40:45| Chemicals - Topix.net

Feb 18 Braskem SA, Latin America's largest petrochemical company, plans to increase investment by more than 50 percent this year as it starts new production lines in Mexico and the United States, making the most of cheaper raw materials and a stronger dollar. The Brazilian company said in a filing on Thursday that it planned 3.66 billion Brazilian reais of capital spending in 2016.

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