SAO PAULO, Brazil, May 7 /PRNewswire/ --

BRASKEM S.A. (BOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the leading company in the thermoplastic resins industry in Latin America and third-largest resins producer in the Americas, announces today its results for the first quarter of 2008 (1Q08).

Main highlights of the period: -- Domestic resin sales grew 7% in 1Q08 -- Resins production reached 704,000 tons in 1Q08 -- Fixed expenses reduction in 1Q08 -- Over R$77 million in synergies captured until 1Q08 -- EBITDA reaches R$583 million in 1Q08 -- Braskem inaugurates Paulinia unit -- Conclusion of the acquisition of the petrochemical assets of the Ipiranga Group -- Conclusion of sale of its stake at Petroflex -- Green Polymer Project moves forward

Full earnings release is available on the Company's IR website:

Braskem will be hosting conference calls to discuss 1Q08 Results on May 9, FRIDAY, at 11:00 a.m. ET (English) and 9:00 a.m. ET (Portuguese). Please see the Company's IR website for connecting numbers.

For further information please contact Braskem's Investor Relations Area:

Luiz Henrique Valverde (+55-11-3576-9744, Luciana Paulo Ferreira (+55-11-3576-9178, Silvio Nonaka (+55-11-3576-9471,

Web site:

Luiz Henrique Valverde, +55-11-3576-9744,, Luciana Paulo Ferreira +55-11-3576-9178,, Silvio Nonaka, +55-11-3576-9471,, all of Braskem