Oxaquim will invest seven million euros in the expansion of the Alcañiz plant, in Teruel (Spain) and in the hiring of ten more people.

The announcement comes after obtaining a grant of 1.2 million euros from the Government of Spain to promote this new phase of expansion. And after the Government of Aragon granted the company the Integrated Environmental Authorization, AAI (from Autorización Ambiental Integrada, in Spanish), last April, an essential requirement to carry out these works.

Investments that, as detailed by Marc Miquel and Daniel Miquel, CEOs of Oxaquim, “reinforce our commitment to continue growing in Aragon and will allow us to reach an annual production of 25,000 tons per year, 50 percent more.”

This aid is part of the so-called regional incentives aimed at promoting a total of 93 business projects, spread across Aragon, Asturias, Murcia, Castilla-La Mancha, Galicia, the Canary Islands, Castilla y Leon, Andalusia, Extremadura, Valencia and the Balearic Islands.

Oxaquim, the leading European producer of oxalic acid and the second largest worldwide, exports 90 percent of its production to 85 countries around the world, supplies more than 16 productive sectors and has a turnover of 25 million euros.