Feb 25 2011
Oxea announces significant capacity expansion for specialty esters to keep up with growing demand.
The capacity of the existing Ester unit in Oberhausen will be extended by 40 percent, effective second half 2011. Additionally, Oxea has the intention to build a new unit in Oberhausen coming online in the second half of 2012. These significant capacity increases are meant to support the increasing market shift to phthalate-free plasticizers and to support the strong demand growth of existing customers.
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 September 2010, Oxea generated revenue of about EUR 1.3 billion with approximately 1,330 employees in Europe, the Americas and Asia.