November 13, 2008 01:51 PM Eastern Time 

Oxea Repairs Damage to Oxo Plant

OBERHAUSEN, Germany--(BUSINESS WIRE)--The global chemical company Oxea today announced that it has discovered a damage to its oxo plants in Oberhausen which requires immediate repair. Oxea will therefore shut down its entire oxo production from November 17 to November 26, 2008. Starting on November 26 the units will resume operations. Oxea carries sufficient inventories to ensure the supply of its customers during the shutdown. "We are already talking to our customers to inform them and to co-ordinate deliveries during the next weeks," said Miguel Mantas, member of the Oxea Executive Board responsible for marketing and sales.

Oxea is a global supplier of oxo products and olefin derivatives. The company is an international market leader in the production of acetates, alcohols, amines, carboxylic acids and aldehydes. Oxea has annual sales worth about EUR 1.3 billion and employs approximately 1,300 people mainly in Germany (Oberhausen and Marl) and the United States (Bay City and Bishop).

Further information about the global Oxea Group is available at

www.oxea-chemicals.com.