EANS-News: Oxea GmbH Market leader Oxea further expands production capacities
for carboxylic acids
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Company Information
Oberhausen (euro adhoc) - Chemical manufacturer Oxea today announced that it has
once again expanded its production capacity for carboxylic acids within only a
very short period of time. The company successfully increased the production
performance of the carboxylic acid plant in Marl, Germany, beyond target by 20
percent. Already the market leader with the most comprehensive portfolio
worldwide, Oxea now serves the continuously rising global demand for carboxylic
acids with this increased capacity. Carboxylic acids can be used for
manufacturing energy-efficient lubricant esters for environmentally friendly
refrigeration units such as air conditioners and refrigerators or specialty
plasticizers, among others. Oxea currently operates four production plants for
carboxylic acids world-wide and additionally plans to bring on-stream another
new, state-of-the-art carboxylic acid plant in Oberhausen, Germany, at the end
of 2012.
"At Oxea, we have firmly anchored the Six Sigma methodology in our corporate
strategy. Together with additional continuous improvement processes within the
company, this enabled us to raise capacity in Marl by 20 percent. That is twice
as much as we originally planned. However, this expansion is just one of many
steps that will ultimately result in a significant increase of Oxea's global
carboxylic acid capacities by the end of 2012," said Dr. Martina Flöel,
spokesperson for the Oxea Executive Board, who is also responsible for
production and technology. "We are currently building a new, state-of-the-art
carboxylic acid plant in Oberhausen, which is scheduled to go on-stream at the
end of 2012. In addition, we are upgrading our existing Carboxylic Acid Plant 2
and Carboxylic Acid Plant 1 accordingly. This work will be completed even before
the new third plant in Oberhausen is commissioned. These comprehensive
investments reflect the speedy and reliable implementation of our strategy to
expand into oxo derivatives and attractive growth markets," Flöel continued.
"With this capacity expansion at the Marl site, we are once again increasing our
capabilities as the global market leader for carboxylic acids," said Miguel
Mantas, responsible for marketing and sales on Oxea's Executive Board.
"Carboxylic acids offer great development potential for Oxea. Due to a large
number of new applications in various branches of industry, global demand is
rising significantly." As the leading manufacturer with the most comprehensive
portfolio of carboxylic acids, we will further increase our supply capacity,
improve our flexibility and enhance our ability to support the growth of our
customers with this expansion," Mantas added.
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 2011, Oxea generated revenue of about EUR 1.5 billion with its
1,365 employees in Europe, the Americas and Asia. For more information visit
www.oxea-chemicals.com.
Further inquiry note:
OXEA GmbH, Otto-Roelen-Strasse 3, D-46147 Oberhausen
Birgit Reichel, Tel. +49 (0) 208-693-3112, Fax +49 (0) 208-693-3101
birgit.reichel@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