Braskem will invest US $675 million in 6th plant in the U.S.

Braskem, Latin America''s largest petrochemical group, will invest $ $675,000,000 to build your 6th polypropylene plant in the United States, said the company in a statement sent to the market on Wednesday, 21.
The brazilian company hopes to complete the construction of the unit based in La Porte, Texas, in the first quarter of 2020. The plant will have capacity to produce 450,000 tons of polypropylene a year, according to the note.
Braskem''s shares accumulate nearly 7% drop in 2017, despite expectations of stronger operating profit, after corruption investigations involving petrochemistry.
In December, the company closed leniency agreement with Federal prosecutors by your involvement in car wash, pledging to pay $ $957,000,000, or about R $3.1 billion, as part of a global agreement.