Oxea Announces Global Price Increases for Solvents

DALLAS--()--Oxea will increase off-list prices on the following products effective May 1, 2014, or as contracts allow.

Oxea has implemented a 100% sales control on all products in the Intermediates portfolio. The sales control will be based on the average monthly consumption over the last 6 months or as allowed by contract.

USA, Canada, and Mexico

Product May 1, 2014

Increase

  US$/lb
n Butyl Acetate $0.03

South & Central America, Asia, Africa, and Middle East

Product May 1, 2014

Increase

  US$/mt
n Butyl Acetate $66

About Oxea

Oxea is a global manufacturer of oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products are used for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. In 2012, Oxea generated revenue of about EUR 1.5 billion with its over 1,400 employees worldwide. Oxea is owned by Oman Oil Company S.A.O.C. For more information about Oxea, visit www.oxea-chemicals.com

About Oman Oil Company

Oman Oil Company S.A.O.C (OOC) is a commercial company wholly owned by the Government established in 1996 to pursue investment opportunities in the wider energy sector both inside and outside Oman. The Company plays an important role in the Sultanate's efforts to diversify the economy and to promote domestic and foreign investments as well as fostering and building human capital.

Contacts

Commercial contact:
OXEA Corporation, 1505 West LBJ Freeway, Dallas, TX, 75234, USA
Steve Friedewald, Vice President Solvents
Phone +1 972-481-2700, fax +1 972-481-6023
info@oxea-chemicals.com, www.oxea-chemicals.com
or
Press contact:
OXEA GmbH, Otto-Roelen-Str. 3, D-46147 Oberhausen
Birgit Reichel, phone +49 (0) 208-693-3112, fax +49 (0) 208-693-3101
birgit.reichel@oxea-chemicals.com, www.oxea-chemicals.com

Release Summary

Oxea will increase off-list prices on n Butyl Acetate effective May 1, 2014, or as contracts allow. Oxea has implemented a 100% sales control on all products in the Intermediates portfolio.

Sharing

Contacts

Commercial contact:
OXEA Corporation, 1505 West LBJ Freeway, Dallas, TX, 75234, USA
Steve Friedewald, Vice President Solvents
Phone +1 972-481-2700, fax +1 972-481-6023
info@oxea-chemicals.com, www.oxea-chemicals.com
or
Press contact:
OXEA GmbH, Otto-Roelen-Str. 3, D-46147 Oberhausen
Birgit Reichel, phone +49 (0) 208-693-3112, fax +49 (0) 208-693-3101
birgit.reichel@oxea-chemicals.com, www.oxea-chemicals.com