Leading global market positions
We are the second largest manufacturer of Oxo Intermediates and Oxo Derivatives globally by production capacity, with total production capacity of over 1.3 million tons per annum. We are the number one producer of Oxo Intermediates and Derivatives for the merchant market globally.
We are the inventor of the Oxo process as well as of several proprietary technologies for the manufacture of Oxo chemicals. We benefit from highly integrated production facilities and a well-balanced value chain in Oxo Intermediates and Oxo Derivatives. Our flexible production process allows us to manage our production flow carefully and react to short term demand patterns for key products. This enables us to optimize the allocation of our production capacity to manufacture the most commercially attractive products at any given time.
Our product offering consists of more than 70 products that we provide to customers in a wide range of industries for many varied end market applications, including construction, automotive, consumer goods, healthcare and agrochemicals industries, as well as for further uses in the chemicals industry. Our products are used in a wide range of applications, including coatings, lubricants and plasticizers. As a result, we are not overly exposed to end-market specific cycles.
We have a strong record of cash generation by significantly improving working capital, operating efficiencies, and modernizing key production and environmental technologies as well as maintaining cost discipline. We have continued to generate significant cash even during the current recession.
We have a strong and successful leadership team with many years of experience in the chemical industry, which is supported by a committed and diligent workforce. We operate our business in accordance with our philosophy of reducing corporate bureaucracy and rewarding performance. We believe that a simple organizational structure is cost effective and responsive, ensuring that decisions are made and implemented quickly. In addition, we believe that we can increase the value of our business when our employees share in the value they create. We intend to continue to support our management and employee incentives that reward initiatives and creative ideas.