Oxea GmbH

EANS-News: Oxea GmbH
Oxea announces capacity expansion at Bay City plant in Texas, USA

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Marketing/Company Information


Oberhausen (euro adhoc) - In a move to further optimize its value-adding chains
and boost product availability, the global chemical company Oxea announced that
it successfully increased its manufacturing capabilities for Syngas at its Bay
City plant in Texas, USA, by 10 percent. Syngas is the main precursor for the
production of oxo intermediates and oxo derivatives, which are used e.g. in
high-quality coatings, lubricants and cosmetic and pharmaceutical products.
Oxea's Bay City plant is a large world-scale facility for oxo chemicals,
synthetic fatty acids, and acetate esters.

"At the current high demand for our oxo products, greater product availability
will further lead to an improved level of service and supply security for our
customers, both now and in the future," said Miguel Mantas, Executive Board
member for marketing and sales. "In doing so, Oxea is strengthening its leading
global market position," Mantas continued.

"Thanks to our extensive technological know-how and our experienced teams from
engineering and production, this capacity expansion was implemented quickly and
cost-effectively," added Dr. Martina Flöel, spokesperson for the Executive Board
and among others responsible for Global Operations. 

With this capacity expansion in the USA, Oxea follows its strategy to further
position itself in the dynamic growth market of oxo intermediates and oxo
derivatives. 

Oxea is a global manufacturer of oxo intermediates and oxo derivatives, such as
alcohols, polyols, carboxylic acids, specialty esters, and amines. These
products are used for the production of high-quality coatings, lubricants,
cosmetics and pharmaceutical products, flavorings and fragrances, printing inks
and plastics. In the 12 months ending June 2011, Oxea generated revenue of about
EUR 1.5 billion with its approximately 1,350 employees in Europe, the Americas
and Asia. 

For more information, visit www.oxea-chemicals.com.


Further inquiry note:
Global Communications:
OXEA GmbH, Otto-Roelen-Strasse 3, D-46147 Oberhausen
Birgit Reichel, phone. +49 (0) 208-693-3112, fax +49 (0) 208-693-3101
birgit.reichel@oxea-chemicals.com, www.oxea-chemicals.com

US Communications:
OXEA Corporation, 2001 FM 3057 Bay City, TX 77414-2968, USA 
Sharon Patterson, phone +1 979 241 4161, fax +1 979-241-4279 
sharon.patterson@oxea-chemicals.com, www.oxea-chemicals.com

end of announcement                               euro adhoc 
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company:     Oxea GmbH
             Otto-Roelen-Straße 3
             D-46147 Oberhausen
phone:       +49(0)208 693 3112
FAX:         +49(0)208 693 3101
mail:     birgit.reichel@oxea-chemicals.com
WWW:      http://www.oxea-chemicals.com
sector:      Chemicals
ISIN:        XS0523636594
indexes:     
stockmarkets: Open Market: Frankfurt 
language:   English
 



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