OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of May, 2007
(Commission File No. 1-14862 )
Camacari, Bahia - CEP 42810-000 Brazil
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
BRASKEM´s DMT PRODUCTION IN CAMAÇARI TO BE DISCONTINUED
DMT is the raw material used in the production of PET
São Paulo, Brazil, May 16, 2007 --- BRASKEM S.A. (BOVESPA: BRKM5; NYSE: BAK; LATIBEX: XBRK), leader in the thermoplastic resins segment in Latin America and second largest Brazilian industrial company owned by the private sector, is committed to the development and competitiveness of the petrochemical and plastic chain in Brazil and has been consistently investing to increase its production capacity and modernize its industrial units in order to create value to its shareholders, employees and customers.
Based on essential competitiveness criteria of the world petrochemical industry – global production scale, state of the art technology and competitive costs, Braskem decided to close down its DMT production unit located in the state of Bahia and put on hold its PET resin production, both of them installed in the Camaçari Petrochemical Complex. Braskem will analyze the possibility of resuming its PET production based on a new technological route, which ensures competitive costs to the polyester chain in Brazil.
Braskem will continue to supply PET resin to its customers by means of an agreement entered into with M&G Polímeros Brasil S.A., one of the main producers of this resin both in Brazil and worldwide. The Company will also maintain its
current commercial policy for this product, including technical assistance, assuring the service excellence to all its customers.
| Braskem, a world-class Brazilian petrochemical company, is the leader in the thermoplastic resins segment in Latin America, and is the second largest Brazilian industrial company owned by the private sector. The company operates 18 manufacturing plants located throughout Brazil, and has an annual capacity of more than 10 million tons of petrochemical and chemical products. |
Forward-Looking Statement Disclaimer for U.S. Securities Law Purposes
This press release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of Braskem and its subsidiaries that may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements.
| For further information, please access our IR website at www.braskem.com.br/ir or contact our Investor Relations Team: | ||
| Luciana Ferreira | Luiz Henrique Valverde | Silvio Nonaka |
| IR Manager | IRO | IR Manager |
| Phone: (+55 11) 3443 9178 | Phone: (+55 11) 3443 9744 | Phone: (+55 11) 3443-9471 |
| luciana.ferreira@braskem.com.br | luiz.valverde@braskem.com.br | Silvio.nonaka@braskem.com.br |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 16, 2007
| BRASKEM S.A. | |||
| By: | /s/ Carlos José Fadigas de Souza Filho | ||
| Name: | Carlos José Fadigas de Souza Filho | ||
| Title: | Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.