Oxiteno expands to the US
Brazilian specialty chemicals company Oxiteno (São Paulo) has acquired a US specialty chemicals plant at Pasadena, Texas for $15 million. The company will invest approximately another $15 million to retrofit the plant to produce fine chemicals including agrochemical adjuvants. Operations are expected to commence in early 2013. The addition of this manufacturing site is part of a continuing North American investment strategy begun by the 2003 and 2004 acquisitions of manufacturing facilities in Mexico and the opening of Oxiteno’s first US commercial office in 2007.