PR Newswire/Les Echos/
Press release
RHODIA COMPLETES FEIXIANG CHEMICALS (ZJG) ACQUISITION
Paris (France), November 30th, 2010 --- Specialty chemical producer Rhodia has
completed today the acquisition of Feixiang Chemicals (Zhangjiagang) after
receiving approval of the Chinese authorities.
Located in Zhangjiagang near Shanghai, Feixiang Chemicals is a China's leading
producer of amines and surfactants, and employs about 650 people.
This acquisition represents a unique opportunity for Rhodia to integrate
specialty amines technologies, key intermediates of surfactants, into
Novecare's business portfolio. The combination of Rhodia's formulation
expertise and end-market applications know-how with Feixiang Chemicals amines
capabilities will reinforce Rhodia's position in specialty surfactants for the
home and personal care, industrial cleaning, agrochemicals, oilfield, coatings
and industrial markets.
Through the integration of Feixiang Chemicals, Rhodia becomes the largest
international surfactant player in Asia. Furthermore, Rhodia enhances its
footprint in the world's fastest growing region by generating one third of its
net sales in Asia.
Rhodia is an international chemical company resolutely committed to
sustainable development. As a leader in its businesses, the Group aims to
improve its customers' performance through the pursuit of operational
excellence and its ability to innovate. Rhodia is the partner of major players
in the automotive, electronics, flavors and fragrances, health, personal and
home care markets, consumer goods and industrial markets. The Group employs
around 13,600 people worldwide and generated sales of EUR4.03 billion in 2009.
Rhodia is listed on Euronext Paris.
Rhodia Novecare, with net sales of EUR827 million in 2009, provides
high-performance products and solutions to a wide range of industries
including cosmetics, detergents, agrochemicals and oil, as well as coating and
industrial applications. Thanks to a worldwide industrial footprint and global
R&D and tech-support network, Rhodia Novecare holds leading positions in the
surfactants, phosphorus derivatives, natural polymers, synthetic polymers and
monomers technologies, and eco-friendly oxygenated solvents markets. Rhodia
Novecare has developed particular expertise to answer and anticipate customer
needs in protection, surface modification, rheology, active delivery,
improvement of formulations and processes and sustainability.
For more information, please visit our institutional website at
http://www.rhodia.com
Contacts
Media Relations
Lamia Narcisse Phone +33 (0)1 53 56 59 62
Investor Relations
Maria Alcon Phone +33 (0)1 53 56 64 89
Benjamin Bruneau Phone +33 (0)1 53 56 64 42
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