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