Petrochemicals – Mexico – Mexichem sees Q3 sales, Ebitda increase over 25%
Mexican chemical and petrochemical firm Mexichem (BMV: MEXCHEM) expects to report sales of 9.7bn pesos (US$769mn) in the third quarter of this year, up 26% on the same period in 2009. Ebitda is forecast to reach 2.27bn pesos in Q3, a 28% increase year-on-year, the company said in its preliminary results release. In dollar terms, [...]
Petrochemicals – Brazil – Foreign investors want to partner for “green” ethylene production – Braskem CEO
Brazilian petrochemical company Braskem (NYSE: BAK) has received proposals from four foreign companies, from the Americas, Asia and Europe, to install a sugarcane-based ethylene facility overseas, Braskem CEO Bernardo Gradin told journalists at Triunfo petrochemical hub in Rio Grande do Sul state, where the company recently began producing “green” polyethylene (PE). “We have received four [...]
Building your Finance Team – Do You Need an Accountant? Could You Benefit from a CFO?
It’s often the case that only after having spent countless unproductive hours managing their own books, or burning the midnight oil trying to make sense of business finances that most entrepreneurs come to realize that they need help in the accounting arena. After all, very few business owners start off as accountants or even [...]
Wise Guy on Business Planning, Not Just the Plan
I was happy to see Guy Kawasaki’s The Key to Attracting Investors yesterday morning on Amex OPEN Forum. I do know that Guy understands business planning and its place in management (he interviewed me about it in this post, for example). But he also scoffs at the misuse of business plans and the cult of [...]