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