EANS-News: Oxea GmbH / Oxea announces capacity expansion at Bay City plant in Texas, USA

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Marketing/Company Information

Oberhausen (euro adhoc) - In a move to further optimize its
value-adding chains and boost product availability, the global
chemical company Oxea announced that it successfully increased its
manufacturing capabilities for Syngas at its Bay City plant in Texas,
USA, by 10 percent. Syngas is the main precursor for the production
of oxo intermediates and oxo derivatives, which are used e.g. in
high-quality coatings, lubricants and cosmetic and pharmaceutical
products. Oxea's Bay City plant is a large world-scale facility for
oxo chemicals, synthetic fatty acids, and acetate esters.

"At the current high demand for our oxo products, greater product
availability will further lead to an improved level of service and
supply security for our customers, both now and in the future," said
Miguel Mantas, Executive Board member for marketing and sales. "In
doing so, Oxea is strengthening its leading global market position,"
Mantas continued.

"Thanks to our extensive technological know-how and our experienced
teams from engineering and production, this capacity expansion was
implemented quickly and cost-effectively," added Dr. Martina Flöel,
spokesperson for the Executive Board and among others responsible for
Global Operations.

With this capacity expansion in the USA, Oxea follows its strategy to
further position itself in the dynamic growth market of oxo
intermediates 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 June 2011, Oxea generated revenue of about EUR
1.5 billion with its approximately 1,350 employees in Europe, the
Americas and Asia.

For more information, visit www.oxea-chemicals.com.

Further inquiry note:
Global Communications:
OXEA GmbH, Otto-Roelen-Strasse 3, D-46147 Oberhausen
Birgit Reichel, phone. +49 (0) 208-693-3112, fax +49 (0) 208-693-3101
birgit.reichel@oxea-chemicals.com, www.oxea-chemicals.com

US Communications:
OXEA Corporation, 2001 FM 3057 Bay City, TX 77414-2968, USA
Sharon Patterson, phone +1 979 241 4161, fax +1 979-241-4279
sharon.patterson@oxea-chemicals.com, www.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