OBERHAUSEN, Germany--(BUSINESS WIRE)--The global chemical company Oxea and the Chinese listed Chengxing Group signed an agreement with the Changzhou Municipal Government for the approval of a land grant in the Changzhou Yangtze River Chemical Industrial Park in order to build a plant for the production of amines and other chemicals. Oxea and Chengxing are planning to form a new joint venture company with Oxea as the majority shareholder. It is the first major investment for Oxea in China to better serve its customers worldwide and participate in this fast growing market. Amines are mainly used for the production of pharmaceuticals, dyes, agrochemicals and polymer additives.
