February 23, 2010 / 10:59 PM / 8 years ago

Brazil's Braskem to invest in Mexico petrochemicals

PLAYA DEL CARMEN, Mexico, Feb 23 (Reuters) - Brazil’s Braskem SA (BRKM5.SA) will invest $2.5 billion in the Mexican petrochemical industry, the company’s Chief Executive Bernardo Gradin said on Tuesday.

    The company announced a plan last year to pair up with Mexican petrochemical firm Idesa for an ethylene project that was expected to involve initial investment of $2.5 billion. (Reporting by Miguel Angel Gutierrez)

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