Singapore, 11 February 2021 - Braskem, Latin America's largest petrochemical company, has entered into a strategic partnership with global logistics player A.P. Moller - Maersk and PSA Corporation Ltd (PSA) to open a new logistics hub in Singapore. The agreement will enable Braskem to supply its customers in Asia with regular access to its broad portfolio of polymer products.
After Braskem's first polyethylene vessel entered into the Port of Singapore earlier this year, this latest development reinforces the company's presence as a key local player in Asia. Singapore had already served as the headquarters of Braskem's Asian operations for over 10 years through a regional commercial office, with the addition of a logistics hub now allowing it to fully account for growing demand from markets such as China, India, Japan, Indonesia and Thailand.
The new partnership with A.P. Moller - Maersk and PSA will see it manage the hub's operations and focus on global logistics and multi-carrier Hub-in-Transit services in the Port of Singapore. Despite the global pandemic disrupting global supply chains. Braskem - as the world's leading producer of biopolymers - made the decision to invest in the partnership and jointly develop solutions that give the region's markets increased access to critical products like sustainable packaging.
This new development comes off the back of Braskem's existing partnership with PSA, whose specially curated Forward Hubbing Scheme allows Braskem to use PSA Singapore - the world's largest container trans-shipment hub - as a regional distribution focal point. This offers it the fastest lead time to market and comprehensive access to PSA Singapore's inventory details.
"Our growth strategy is fully based on innovation and sustainable development. Strong and consistent presence in a powerhouse like Singapore creates unique opportunities to become agile and consistent at the same time," said Roger Marchioni, Director of Braskem Asia.
With a global vision of the future, oriented towards people and sustainability, Braskem is engaged in contributing to the value chain in order to strengthen the Circular Economy. Its 8,000 team members dedicate themselves every day to improving people's lives through sustainable solutions in chemicals and plastics. With its corporate DNA rooted in innovation, Braskem offers a comprehensive portfolio of plastic resins and chemical products for diverse industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, and more. With 40 industrial units in Brazil, United States, Mexico and Germany and net revenue of R$52.3 billion (US$13.2 billion), Braskem exports its products to clients in over 100 countries.
About A.P. Moller - Maersk
A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers' supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 80,000 people.
About PSA Corporation Ltd (PSA)
PSA Singapore operates the world's largest container transhipment hub in Singapore, handling 36.6 million TEUs of containers in 2020. With connections to 600 ports globally, shippers have access to daily sailings to every major port in the world, operating 24/7 all year round. Beyond port operations, PSA also offers cargo solutions to customers operating in advanced manufacturing, cold chain, e-commerce, and energy & chemicals. This value adding service is enabled by CALISTAT, a digital platform that facilitates trade and helps shippers to better manage their physical movement of goods, trade financing and compliance. Visit us at www.singaporepsa.com .