Oxea Announces Price Increase for Polyols in Europe

Oxea will increase list and off-list prices on the products below effective March 1, 2012, or as contracts allow. It will raise both list and spot prices of its neopentyl glycol (NPG) and trimethylolpropane (TMP) by EUR 150/t.

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 the 12 months ending September 2011, Oxea generated revenue of about EUR 1.5 billion with its approximately 1,400 employees in Europe, the Americas and Asia.

Source: Oxea