26 September 2012 18:36 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Oxiteno will invest $92m (€71m) in expanding the company’s ethoxylation capacity in Mexico and the US by 100,000 tonnes, the Brazil-based surfactant producer said on Wednesday.
The investment will expand ethoxylation capacity at the company’s Coatzacoalcos plant in Mexico, Oxiteno said.
It will also provide ethoxylation capacity to Oxiteno’s recently acquired specialty chemical facility in Pasadena, Texas.
“Oxiteno will further strengthen its position in the Americas in the area of non-ionic surfactants that supply the agrochemical, home and personal care industries,” the company said.
Expansion will occur throughout 2013, and operations are expected to begin in the first half of 2014, Oxiteno said.
Oxiteno is a subsidiary of Ultrapar.
($1 = €0.77)
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