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Oxiteno's 2013 investments focus on US, Mexico

9:42 AM MST | December 21, 2012 | Kara Sissell

The Ultrapar Group, parent company of Oxiteno (São Paulo), has announced it plans invest a total of 1.44 billion reais ($676 million) in 2013. The Ultrapar group also includes the Ipiranga fuels distribution business, the Ultragaz natural gas business, and the UltraCargo distribution business. For Oxiteno, Ultrapar will invest R$203 million ($98 million) in 2013, mainly to continue the expansion of its production capacity at Pasadena, TX; and at Coatzacoalcos, Mexico. “These two plants will add approximately 130,000 m.t./year of production...

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