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Venezuela’s Cerбmicas Carabobo, which supplies refractory material for furnaces at state steelmaker Sidor, now has its own furnaces operating to begin shipping the input to the steelmaker, a Cerбmicas Carabobo union leader told BNamericas.
“The inputs, parts and raw materials necessary to operate and meet Sidor’s needs were already purchased,” the union leader said.
Cerбmicas Carabobo halted its operations about 18 months ago after it was nationalized. As a result, 70% of the melting and ladle furnaces at Sidor were shut down due to the lack of replacement refractory bricks.
Sidor had to use refractory bricks imported from Brazil to operate the furnaces.
In September, the Venezuelan government announced that it would reactivate Cerбmicas Carabobo’s operations through a technology transfer agreement with Cuba’s Refractarios Habana.
The company, now to be called Refractarios Socialistas de Venezuela, was transferred to state heavy industry holding CVG, which took on its reactivation, the union leader said.
Alpek, the petrochemicals arm of Mexican conglomerate Alfa (BMV: ALFA), posted revenues of US$1.25bn in the fourth quarter 2010, up 19% year-on-year due to higher sales volumes and average selling prices, the company said in its Q4 report.
For the full year, revenues increased 22% to US$4.83bn from US$3.97bn.
“Basic raw material prices increased at an unexpected rate as result of an improvement in world economic activity. In particular, an outstanding demand for polyester in China and other Asian markets, due to a shortage of cotton, has tightened the world supply of PTA,” the report read.
“Also, operating problems in paraxylene operations in some regions of the world put additional pricing pressure along the polyester chain. Petrochemical prices are expected to continue on an upward movement during the following months.”
Ebidta for Q4 was US$126mn, up 26% year-on-year, and US$488mn in 2010 compared to US$428mn the previous year.
Alpek had net debt at end-2010 of US$476mn versus almost US$1.11bn a year earlier.
Achieving Credibility by James Kouzes focuses on some of the key aspects of what it takes to run a successful career and business. It helps you to understand what characteristics that people admire and how you can – as a professional business leader – achieve the credibility you want and need to thrive successfully in your career.
This book talks about the how to establish trust within your team. Leaders, managers, and other people in positions of authority who are not recognized for who they are and what they do end up getting treated like a doormat by all their fellow employees. It’s not uncommon to run across a company who is completely out of order because the individuals who are in upper management are unable to gain the credibility from others that they need.
Too often, work places are filled with chaos and disorganization. The work ethic is poor among the employees, and the entire team is filled with lazy, unfocused workers who could care less about their job.
Mexico’s state oil company Pemex produced 13.2Mt of petrochemicals in 2010, up 10.3% from 12.0Mt the previous year, according to statistics on the company’s website.
In December alone, output rose 18.1% to 1.08Mt from 915,000t the year earlier.
Full year production of benzene jumped 49.4% to 118,000t, while toluene rose 35.3% to 188,000t, ethylene oxide 32.9% to 372,000t, vinyl chloride 20.6% to 187,000t, dichloroethane 18.1% to 306,000t and ammonia 13.8% to 899,000t.
Ethylbenzene output slid 26.7% to 77,000t over the year. More moderate falls in output were seen in propylene (10.9% to 384,000t), high-density polyethylene (7.18% to 181,000t), low-density polyethylene (7.07% to 460,000t) and ethylene (2.93% to 1.13Mt).
Pemex’s production of “other chemicals” totaled 8.89Mt, up 13.0% on 2009.
The company did not give reasons for the production changes.
Pemex’s petrochemicals arm is called PPQ.
For the complete production figures, go to this link
Brazilian petrochemical company Braskem’s (NYSE: BAK) exports totaled US$2.47bn in 2010, up 30.5% from US$1.89bn a year earlier, according to foreign trade department Secex, which is part of the development, industry and foreign trade ministry.
Last year, Braskem ranked eighth among the main exporting companies in the country.
In December alone, the company’s exports summed US$218mn, a 4.07% increase compared with the same month in 2009.
Braskem is the biggest producer of thermoplastic resins in the Americas. The company has 31 industrial plants in Brazil and the US.