EANS-News: Oxea GmbH / Cornerstone ceremony for new Oxea carboxylic acid plant in Oberhausen

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Company Information

Oberhausen (euro adhoc) - Cornerstone ceremony for new Oxea
carboxylic acid plant in Oberhausen In the presence of Klaus Wehling,
Lord Mayor of Oberhausen, Dr. Martina Flöel, spokesperson of the
Executive Board of Oxea, laid the cornerstone for a new Oxea
production plant, the so-called Carboxylic Acid Plant 3. More than 50
guests from the business and political arena as well as site partners
and employees participated in the festivities. The plant is slated to
be completed in record time this year. The new unit, which represents
an investment in the tens of millions, will boost Oxea´s global
carboxylic acid production capacity by some 40 percent. This will
also have a positive impact on the job situation: Oxea has already
hired 12 new employees.

The main driver for this capacity expansion is a growing global
demand for synthetic fatty acids. They form the basis for
manufacturing energy-efficient lubricant esters for environmentally
friendly refrigeration units such as air conditioners and
refrigerators or phthalate-free plasticizers.

"Oxea is the leading carboxylic acids producer. We have the largest
production capacity and the broadest product portfolio in synthetic
carboxylic acids worldwide," said Miguel Mantas, responsible for
Marketing and Sales within Oxea´s Executive Board. "The new unit will
provide an additional boost to our capabilities. It will considerably
increase Oxea´s supply capacity, improve our flexibility and enhance
our ability to support the growth of our customers."

"Oxea is backward integrated in carboxylic acids value chains, based
on its own hydroformylation technologies. This means that we supply
our acids production units with precursors that we produce
ourselves," said Flöel. "The building of a new carboxylic acid
production unit supports an important aspect of our strategy of
expanding into growth markets and oxo derivatives."

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 2011, Oxea generated revenue of about
EUR1.5 billion with approximately 1,400 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, www.oxea-chemicals.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

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