Oxea to build its first chemical plant in China by 2012
By 2012, Oxea, the global manufacturer of oxo intermediates and oxo derivatives will start building its first chemical plant in the Nanjing Chemical Industry Park, along the Yangtze river in China. The state-of-the-art plant will go on-stream in 2013 and its products will be distributed in China and the rest of Asia. The new plant is part of the company’s expansion program in the region. Oxo derivatives are key ingredients in the production of high quality automotive, pharmaceutical, construction and cosmetic products. “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. (November 12, 2011)
