EANS-News: Oxea GmbH / Oxea delivers first specialty esters produced at its new unit

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Company Information/Plant Openings

Oberhausen (euro adhoc) - Chemical company Oxea today announced that
after a construction period of approximately one year it has
successfully started up its new unit "Ester 2" for the production of
specialty esters in Oberhausen, Germany. This new facility will boost
Oxea's production capacity for specialty esters by over 50 percent.
Oxea is currently producing specialty esters in three units
worldwide, with a fourth being under construction in China.

The specialty esters product range consists of phthalate-free and
non-VOC Oxsoft products such as 3G8, DOA, GPO, TOTM Duo 1 and Duo 2
as well as 3NG810 und Oxfilm 351. Oxea supplies these products to
customers operating in growth sectors in medical technology, food
cling wraps, the automotive industry and architecture, among others.

"With our new unit, we are addressing the increasing demand for
specialty esters made by Oxea. This successful investment further
improves our flexibility and delivery capacity," said Miguel Mantas,
responsible for Sales and Marketing within Oxea's Executive Board.

"The startup of Ester 2 brings us one big step closer to achieving
our strategic goal. We continue to evolve into a supplier of
specialty chemicals and are investing in our future," said Dr.
Martina Flöel, spokesperson for the Executive Board of Oxea.

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 on
Oxea, please go to: www.oxea-chemicals.com.

Further inquiry note:
Birgit Reichel
Tel. +49 (0) 208-693-3112
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