EANS-News: Oxea GmbH Oxea completes new production plant for specialty esters
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Company Information/Plant Openings
Oberhausen (euro adhoc) - Chemical company Oxea today announced that it has
mechanically completed its latest production plant for specialty esters, "Ester
2", in Oberhausen on schedule. This is a major milestone for the company. Oxea
will now commence start-up activities at Ester 2 and will shortly be beginning
production there. This new, ultra-modern facility will increase Oxea's worldwide
production capacity for specialty esters by over 50 percent. Oxea now has three
specialty ester production units, and a fourth is currently being built in
China. Specialty esters are used to manufacture a large variety of
state-of-the-art industrial products, including for automotive and architecture
applications, as well as for medical purposes.
"Oxea is seeing a steady increase in demand for its specialty esters worldwide.
With our new production unit we will continue to improve our flexibility and
delivery capacity and support our customers in their growth," said Miguel
Mantas, responsible for Sales and Marketing within Oxea's Executive Board,
commenting on the completion of Ester 2. "In our new facility we will
manufacture key components for the production of innovative polymer films for
which there is strong demand in the chemical industry."
"Ester 2 constitutes an important investment in the Oberhausen site and will
enable us to further expand our market positioning," said Dr. Martina Flöel,
spokesperson for the Oxea Executive Board and responsible for Operations and
Technology. "On the one hand, we are strategically investing in new production
capacity worldwide, as exemplified by our new facility in China. We are thus
extending our geographical reach and expanding into growth markets. On the other
hand, we are continuously enhancing our specialty chemicals expertise and our
product portfolio," she 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:
Birgit Reichel
Phone +49 (0) 208-693-3112, Fax +49 (0) 208-693-3101
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