Oxea GmbH

EANS-News: Oxea GmbH
Oxea to increase production capacities in Bishop, Texas, with optimized processes

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Company Information

Oberhausen (euro adhoc) - The chemical company Oxea has developed several
innovative continuous processes to expand its production at its site in Bishop,
Texas, USA. The optimizations will add significant further volume, beyond the
already announced capacity increases for Potassium Formate and
Trimethylolpropane (TMP). Potassium Formate is used, among other applications,
as a component in well-servicing fluids for the extraction of oil and gas and
for de-icing. TMP is a widely used building block for polymers, especially in
polyesters and polyurethanes, but is also used in a plethora of other areas,
such as, for example, synthetic lubricants.

"Our production site in Bishop is of great importance to our polyols, which
constitute a significant part of Oxea's Derivatives portfolio. These products
have a very diversified range of uses in manufacturing industries and we market
the portfolio worldwide," said Miguel Mantas, Member of Oxea's Executive Board
and responsible for Marketing and Sales. "Over the course of the last years, we
were able to continuously use excellent initiatives such as this one - not only
to expand capacity and increase the on-stream reliability of the units, but also
to develop higher quality product types, which have allowed us to better serve
our customers' needs and to support them in their growth."

"Over the past years we successfully implemented a series of projects to enhance
the efficiency of our production units and to optimize energy usage. It is quite
remarkable that all of our projects required only minor investments. They were
implemented quickly and contributed greatly towards the improvement of the
Bishop site," commented Dr. Martina Flöel, spokesperson for the Oxea Executive
Board, who is also responsible for Production and Technology. "We owe this
development to the profound experience, creativity and appetite for innovation
of the Oxea staff," Flöel continued.

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 among others for the production of high-quality coatings,
lubricants, cosmetics and pharmaceutical products, flavorings and fragrances,
printing inks and plastics. In 2011, Oxea generated revenues of EUR 1.5 billion
with its 1,365 employees in Europe, the Americas and Asia. For more information
on Oxea, please visit www.oxea-chemicals.com

Further inquiry note:
Birgit Reichel 
Tel. +49 (0) 208-693-3112

end of announcement                               euro adhoc 

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
stockmarkets: Open Market: Frankfurt 
language:   English

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