Oxea Announces Sales Control on Solvents

DALLAS--(BUSINESS WIRE)--Due to increased demand, tightened supply and raw material shortages, effective immediately Oxea will reserve the right to monitor sales levels and apply volume restrictions as necessary. Oxea will hold all n-Butyraldehyde, n-Butanol, i-Butanol and n-Propanol sales in North, Central and South America to previously agreed target volumes.

Oxea is a global supplier of solvents, polyols and oxo derivatives such as carboxylic acids, olefin derivatives and alkylamines. These products are used for the production of high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavorings and fragrances, printing inks and plastics. The company is an international market leader in the production of a variety of acetates, alcohols, amines, carboxylic acids and butyraldehydes. Oxea has annual sales worth about USD 1.7 billion and employs approximately 1,350 people in Europe, Asia and the Americas. They are supported by an experienced sales team worldwide.

Further information about the global Oxea Group is available at www.oxea-chemicals.com.