Oxea increasing plastisizer capacity in Europe

EUROPEAN PLASTICS NEWS

Published: March 25, 2014 10:23 am ET
Updated: March 25, 2014 10:27 am ET

Related to this story

Topics Materials Suppliers, Europe

Oxea, part of Oman Oil Group, says it is planning to increase its European capacity for its Oxsoft GPO dioctyl terephthalate (DOTP) by 50,000 metric tons by the end of 2015.

DOTP is a general-purpose plasticizer used in a wide range of applications such as construction, automotive and flooring.

Oxea says it has signed an agreement with a third party in order to establish joint production of DOTP.

“The European market for phthalate-free plasticizers is growing rapidly. As a replacement mainly for dioctyl phthalate and diisononyl phthalate, DOTP is benefiting particularly from this development and our capacities need to be planned correspondingly,” said Oxea’s project leader, Christian Boehmer.

Oxea, based in Oberhausen, Germany, 1,400 people worldwide and had annual sales of 1.5 billion euros ($2.06 billion) last year.


Comments

Oxea increasing plastisizer capacity in Europe

EUROPEAN PLASTICS NEWS

Published: March 25, 2014 10:23 am ET
Updated: March 25, 2014 10:27 am ET

Post Your Comments


Back to story


More stories

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

Automation firms join forces, look to automotive for future growth

October 24, 2014 2:43 pm ET

Hoping to ease the way for automation in some specialized areas of automotive plastics like laser cutting of door panels, a German robot maker and an ...    More

Image

German export sales strong, push for energy savings continues

October 24, 2014 12:34 pm ET

Germany is the engine that drives the European economy — and when it comes to the plastics industry, German machinery is a potent force, an...    More

Image

Arburg expands presence in China

October 24, 2014 11:34 am ET

German machinery maker Arburg GmbH + Co KG has expanded its office in Shenzhen, China, making it the company's first competence center for automation ...    More

Image

BASF pre-tax earnings rise, but will miss financial targets for 2015

October 24, 2014 10:16 am ET

BASF SE has raised its expectations for pre-tax earnings in 2014 but warned that it would not hit its financial targets for next year.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events