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Oxea announces polyols price increase

17-Sep-2012

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Oxo derivative manufacturer Oxea has announced it will be increasing its list and off-list prices in North Ameica and Europe from the start of October.

The products in question are Trimethylolpropane and Neopentylglycol which are used for the production of, cosmetics, flavorings and fragrances.

The price will see the products go to 0.03 $/lb in the US, and 150 €/mt in Europe.

In 2011, Oxea generated revenue of about €1.5 billion ($1.9bn) with its 1,365 employees in Europe, the Americas and Asia.