August 07, 2008 06:30 ET

Oxiteno Investing $32.4 Million in New Acetate Plant in Brazil, an Industrial Info News Alert

CORDOBA, ARGENTINA--(Marketwire - August 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Chemical firm Oxiteno S.A. Industria e Comercio (Bela Vista, Brazil), a subsidiary of Ultrapar Participacoes SA (NYSE:UGP) (Sao Paulo, Brazil), plans to invest about $32.4 million in a new acetate production plant in the municipality of Maua in Sao Paulo. The company will add 40,000 tons per year to its current output, almost doubling its volume of acetates.

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