Braskem resumes production at its plants in northeastern Brazil following power outage in region on Aug. 29; company's complex in Alagoas produces PVC, chlorine and caustic soda

SANTIAGO, Chile , September 2, 2013 () – Brazilian petrochemical company Braskem (NYSE: BAK) said production in its plants in northeastern Brazil should be normalized this week following a power outage in the region on August 29.

Braskem said production at its plants in the states of Alagoas and Bahia had been temporarily shut down because of the power cut.

In Bahia, at its Camaçari complex, Braskem produces basic petrochemicals. At its new site in Alagoas it produces polyvinyl chloride (PVC), chlorine and caustic soda.

The company did not disclose the financial impact of the event. In the past, even brief power outages have had major impacts on Braskem''s results, as restarting production at chemical plants is a complex and lengthy operation.

In a separate incident, Braskem said it had controlled a fire that broke out Sunday (Sep 1) in its basic petrochemicals unit in Camaçari. It is investigating the cause of the fire, which it said caused no injuries or environmental damage.

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