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