Construction of Oxea’s new specialty derivatives plant in China well on track
OXEA Advanced Derivatives first oxo derivatives plant in Nanjing Industrial Chemical Park, China, has successfully passed the planning stage and construction is under way. Oxea expects its new Nanjing plant to be mechanically complete at the end of 2013. The new state-of-the-art production site will serve the fast-growing demand for oxo derivatives in China and Asia. Oxo derivatives are key ingredients and are used in nearly all sectors of China’s economy, including automotive, construction, cosmetics, pharmaceutical and personal care products. Oxea’s new plant is located at the Nanjing Chemical Industry Park, an important chemical industry base in China.
“China is the main growth engine for the Asia-Pacific region,” said Miguel Mantas, Executive Board member for Marketing and Sales. “Thanks to the favorable strategic location of our new plant we will be able to better serve our customers in the region and at the same time further strengthen Oxea’s leading global market position. Initially the Oxea Nanjing plant will produce specialty esters, phthalate-free plasticizers and other oxo derivatives for the local market. But we already have plans for new investments into the plant – along with sufficient space and resources to implement future expansions at Nanjing,” he continued.
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