Industry News

One Of the Largest Providers of Oxo Products Worldwide: Oxea Completes Successful First Year of Operations

Published on 2008-03-05. Author : SpecialChem

OBERHAUSEN, Germany -- Oxea, a global chemical company has announced that it will celebrate its first anniversary in March. Formed just twelve months ago, the company has achieved sales of around EUR 1.2 billion in its first year, firmly establishing itself as one of the world's leading providers of oxo products and derivatives.

"We have taken advantage of our opportunities. Our strong global orientation, consistent strategic direction and strong customer focus are the key factors in our success," said Dr. Martina Flöel, spokesperson of the Oxea management team. The company has set targets of not only continuing its expansion into growth markets, but also of extending and optimizing its own value chain and product portfolio. Oxea employs around 1,300 people worldwide and has a total of four production facilities located in Germany and the United States.

Further development of its sites is a central issue for Oxea: more than 70 jobs were created by the company last year. About 60 trainees are currently receiving high-level training at Oxea in Germany. In the last few months alone, Oxea has invested a double-digit million euro amount in its manufacturing facilities. Miguel Mantas, Head of Sales and Marketing at Oxea, said: "By expanding capacities, for instance for oxo-alcohols, carboxylic acids and NPG, we are a reliable partner in helping our customers meet the growing market demand."

Dr. Flöel considers the Oxea Group well prepared for the future: "All indicators point to continued growth and increasing profitability. Our excellent expertise, our vision for the long term and the experience and commitment of our staff are the foundation on which our continued success will be built."

About Oxea:

Oxea is a global supplier of solvents, polyols and oxo derivatives such as carboxylic acids, olefin derivatives and alkylamines. These products are used for the production of high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavorings and fragrances, printing inks and plastics. The company is an international market leader in the production of a variety of acetates, alcohols, amines, carboxylic acids and butyraldehydes. Oxea has annual sales worth about EUR 1.2 billion and employs some 1,300 people in Germany (Oberhausen and Marl) and the United States (Bay City and Bishop). They are supported by an experienced sales team worldwide.

Source: Oxea

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