OBERHAUSEN, Germany – The chemical company Oxea announced that it will build its first chemical plant for the production of oxo derivatives in Nanjing, China, in 2012. Scheduled to go on-stream in 2013, the new state-of-the-art plant will serve the demand for oxo derivatives in China and Asia. Oxo derivatives are key ingredients that are used in nearly all sectors of China’s economy, including automotive, construction, cosmetics, pharmaceutical and personal care products. This investment will establish a new production platform for Oxea in China and is part of Oxea’s overall strategy to expand into growth regions.
“China is the main growth engine for the Asia-Pacific region, and at this strategic location our new plant will greatly support our local customers there. In a first step, our Nanjing plant will produce Oxea’s specialty esters, phthalate-free plasticizers and other oxo derivatives. However, we have allowed space for future expansion and new investments,” said Miguel Mantas, Executive Board Member for marketing and sales.
Oxea to Build its First Production Plant in China
November 1, 2011