EANS-News: Oxea GmbH
Oxea to increase production capacities in Bishop, Texas,
with optimized processes
15.01.2013 – 17:02
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 birgit.reichel@oxea-chemicals.com 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 indexes: stockmarkets: Open Market: Frankfurt language: English