| Business Summary | | Copene-Petroquimica
do
Nordeste
S.A.
is
a
basic
petrochemicals
company
in
Brazil
and
Latin
America.
Copene's
plants
produce
two
principal
types
of
petrochemicals,
olefins
and
aromatics.
Copene's
products
are
sold
in
Brazil,
mainly
to
downstream
second-generation
companies
located
in
the
petrochemical
Complex
in
the
Municipality
of
Camacari,
and
also
exported
to
North
and
South
America,
Europe
and
Middle
Eastern
countries.
Copene
also
produces
steam,
electricity
and
treated
water
for
its
own
use
and
for
use
by
the
second-generation
companies
in
the
Complex.
In
1999,
domestic
sales
accounted
for
87%
of
the
Company's
total
net
sales
and
the
majority
of
those
sales
(approximately
60%)
were
made
to
customers
located
in
the
Complex
itself.
During
the
same
period,
exports
accounted
for
14.4%
of
the
Company's
net
sales
of
petrochemicals
(12.3%
during
1998)
and
13%
of
its
total
net
sales
(10.9%
in
1998). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Copene
Petroquimica
produces
basic
petrochemicals
including
ethylene,
propylene,
benzene,
butadiene,
para-xylene
and
others.
For
the
fiscal
year
ended
12/31/00,
net
sales
rose
54%
to
$1.55
billion.
Net
income
from
continuing
operations
applicable
to
Common
totaled
$68.6
million,
up
from
$28.1
million.
Revenue
reflect
increased
petrochemical
sales
due
to
higher
realized
sales
prices.
Earnings
also
benefited
from
reduced
monetary
variation
expense. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Otto Perrone | CEO | Carlos Bittencourt | Pres | Wong Shin | CFO
of Investor Relations | Marco Ebert | COO | Max Feffer | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|