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.
As a global company, OXEA operates in a multicultural environment. Our special strength lies in the creative potential and commitment of our employees. We see the diversity of the people who work with us as enrichment. This mixture of diverse competences, experiences and different perspectives creates the wealth of ideas, which forms the basis for our strong innovative power.
We attach great importance to our human resources policy and try to react flexibly to the various phases of life, generations and the various requirements of our employees. Because health and performance of our employees, their motivation and the joy of innovation is of crucial importance for the long-term success of our company
Our most essential value is safety. We accept responsibility for the safety and occupational health of our employees and our neighbors, and for protection of the environment. Every investment in our plants includes implementation of higher safety standards. We work closely with government authorities and independent specialists to meet – and often exceed safety requirements.
Our employees undergo continual safety training. The advanced technology of our plants is a reflection of our commitment to the highest standards of safety. We make absolutely no compromises in this area. That is what responsibility means to us.
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.