10 August 2012 11:41 [Source: ICIS news]
LONDON (ICIS)--Oxea has expanded the production capacity of carboxylic acids at its plant in Marl, Germany by 20%, the global oxo chemicals company said on Friday.
Financial and capacity details of the expansion were not disclosed.
Carboxylic acids can be used for manufacturing lubricant esters for environmentally-friendly refrigeration units such as air conditioners and refrigerators or for specialty plasticisers, the company said.
“At Oxea, we have firmly anchored the Six Sigma methodology in our corporate strategy. Together with additional continuous improvement processes within the company, this enabled us to raise capacity in Marl by 20%,” said Martina Floel, spokesperson for the Oxea executive board.
“That is twice as much as we originally planned,” Floel added.
Oxea currently operates four production plants for carboxylic acids worldwide and plans to bring another carboxylic acid plant on-stream in Oberhausen, Germany, at the end of 2012.
“We are currently building a state-of-the-art carboxylic acid plant in Oberhausen, which is scheduled to go on stream at the end of 2012. In addition, we are upgrading our existing carboxylic acid plant 2 and carboxylic acid plant 1 accordingly… These comprehensive investments reflect the speedy and reliable implementation of our strategy to expand into oxo derivatives and attractive growth markets,” Floel said.
Miguel Mantas, responsible for marketing and sales on Oxea’s executive board, said: “Carboxylic acids offer great development potential for Oxea. Due to a large number of new applications in various branches of industry, global demand is rising significantly.”
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