Effective August 1, the global chemical company Oxea will implement a fuel surcharge of US$300 per shipment by truck and US$600 per shipment by rail. The surcharge applies to deliveries within North America and will be removed when fuel prices return to normal levels.
“Fuel prices have reached extraordinarily high levels. We have made several rounds of tough negotiations with Oxea’s transportation providers. However, current circumstances have forced us to pass a portion of these cost increases through to our customers”, said Miguel Mantas, a member of the Executive Board of Oxea.
“This fuel surcharge is not a price increase”, Mantas emphasized: ”It will be removed when fuel prices return to normal levels. We trust that our customers understand why we are implementing this surcharge and we appreciate their continued support of our business.”
Oxea is a global supplier of solvents, polyols and oxo derivatives such as carboxylic acids, olefin derivatives and alkylamines. These products are used for the production of high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavorings and fragrances, printing inks and plastics. The company is an international market leader in the production of acetates, alcohols, amines, carboxylic acids and aldehydes. Oxea has annual sales worth about US$ 1.8 billion and employs approximately 1,300 people in Germany (Oberhausen and Marl) and the United States (Bay City and Bishop).
Further information about the global Oxea Group is available at www.oxea-chemicals.com.
Contacts:
OXEA Corporation, Sheree Wolfe
Phone
+1 972-481-2751, Fax +1 972-481-2776
sheree.wolfe@oxea-chemicals.com,
www.oxea-chemicals.com
or
Press
contact (global):
OXEA GmbH, Birgit Reichel
Phone +49 (0)
208-693-3112, Fax +49 (0) 208-693-3101
birgit.reichel@oxea-chemicals.com,
www.oxea-chemicals.com
