As part of the investment plan announced in November 2015 to expand its activities and increase its capacity to serve clients in the region, Madden has a solid track record of building global businesses, most recently with the Lubrizol Corporation, which is part of the Berkshire Hathaway Group. His previous experience includes overseas leadership positions with Noveon, BFGoodrich and Dow.
Madden worked in Europe, China and India, as well as in the US. In each location, he implemented plant sites and labs, in addition to forming and leading business teams. He is joining Oxiteno to implement the company’s aggressive growth plan.
To offer better and nimbler services to our American clients, Oxiteno also opened a new commercial office. The new office is centrally located in Houston and will bring Oxiteno’s US management team closer to its customers and local business partners.
Oxiteno’s investment plan also includes the construction of an Alkoxylation plant in Pasadena, Texas. Scheduled for completion towards the end of 2017, it will have a production capacity of 170 thousand tons per year. The company also opened a new R&D center in Hattiesburg in partnership with the University of Southern Mississippi.
"With the new plant and lab facilities, and our market-based approach, we needed to put in place a senior-level leader to allow for faster decision-making and to consolidate all the investments we are making into a unified effort. We are confident that Timothy will provide the leadership we will need to take these efforts to the next level,” said Joao Parolin, chief executive officer, Oxiteno.