Braskem Media Watch Report - Sep 8 Jon1

Braskem S.A. Secures Benzene Supply in New Petrobras Deal

On May 14, 2025, Braskem S.A. announced a related-party transaction with Petrobras involving a five-year contract for the purchase of up to 38,000 tons of benzene. The contract, valued at approximately R$ 168 million, allows for flexible price negotiations based on international benzene prices, with no minimum volume obligations.

Amcor, Fedrigoni Create Recyclable Wet Wipe Packaging

Amcor and Fedrigoni announced their partnership has produced a recyclable flexible packaging solution combining Amcor’s AmPrima Plus flow wrap with Fedrigoni’s semi-rigid label. The entire package can be recycled in polyethylene (PE) streams across Europe, according to the companies.

Advanced Drainage Systems Q4 earnings and revenues miss estimates

Advanced Drainage Systems came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.

Amcor sees M’sia as key hub in Asia-Pacific strategy

Global packaging company Amcor views Malaysia as a strategic cornerstone in its broader Asia-Pacific healthcare strategy, particularly in response to the region’s growing demand and evolving trade dynamics.

Silgan Holdings Price Target Raised by Citi Analyst

Citi analyst Anthony Pettinari has increased the price target for Silgan from $60 to $63 while maintaining a Buy rating on the stock. This adjustment follows the company’s strong performance in the first quarter and its reaffirmation of its outlook for 2025.

LyondellBasell (LYB) Faces Price Target Reduction Amidst Challenges

BofA analyst Steve Byrne has adjusted the price target for LyondellBasell, decreasing it from $57 to $56 while maintaining a Neutral rating on the stock. The adjustment highlights ongoing challenges within the commodity chemical sector, a situation LyondellBasell continues to navigate.