Oxea GmbH

EANS-News: Oxea GmbH
Oxea to build its first production plant in China

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Company Information/Plant Openings


Oberhausen (euro adhoc) - The chemical company Oxea announced today that it will
build its first chemical plant for the production of oxo derivatives in Nanjing,
China, in 2012. Scheduled to go on-stream in 2013, the new state-of-the-art
plant will serve the fast-growing demand for oxo derivatives in China and Asia.
Oxo derivatives are key ingredients that are used in nearly all sectors of
China´s economy, including automotive, construction, cosmetics, pharmaceutical
and personal care products. This investment will establish a new production
platform for Oxea in China and is part of Oxea´s overall strategy to expand into
growth regions.

"China is the main growth engine for the Asia-Pacific region, and at this
strategic location our new plant will greatly support our local customers there.
In a first step our Nanjing plant will produce Oxea´s specialty esters,
phthalate-free plasticizers and other oxo derivatives. However, we have allowed
space for future expansion and new investments," said Miguel Mantas, Executive
Board member for marketing and sales. "The new plant will enable Oxea to better
serve the steadily growing high demand for our products in China and Asia and at
the same time further strengthen Oxea´s leading global market position," Mantas
continued.

"By expanding our derivatives production to Asia, we are making the benefits of
Oxea´s advanced production technology easily accessible to our customers there
and enhance Oxea´s growth potential in this area," explained Dr. Martina Flöel,
spokesperson for the Executive Board and among others responsible for Global
Operations. "Since the beginning of Oxea in 2007, we have invested significantly
into new capacities, applied innovative process optimizations and continuously
developed our specialty chemicals expertise. Now, the time is right to implement
the next important strategic step: the extension of our geographic reach and to
expand into growth markets," she added. 

Located at the Yangtze River, the Nanjing Chemical Industry Park is an important
chemical industry base in China. The Park offers an existing base of large
chemical companies, excellent infrastructure and access to well-educated human
resources.

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 1,400 employees in Europe, the Americas
and Asia. For more information, visit www.oxea-chemicals.com.


Further inquiry note:
Birgit Reichel
Phone. +49 (0) 208-693-3112
Fax +49 (0) 208-693-3101
Email: birgit.reichel@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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