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Rhodia Acquires Feixiang Chemicals to Reinforce its Position in Specialty Surfactants

Published on 2010-12-03. Author : SpecialChem

PARIS, France -- 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.

About Rhodia Novecare

Rhodia Novecare, with net sales of €827 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&anp;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.

About Rhodia

Rhodia is an international chemical company resolutely committed to sustainable development. As one of the leaders in its businesses, the Group aims to improve its customers performance through the pursuit of operational excellence and its ability to innovate. Structured around eleven Enterprises, 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 €4.03 billion in 2009.

Source: Rhodia

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