Pharma Industry
Industry: Email Alert RSS FeedRhodia Shaping Up as Formidable Platform for Specialty Chemicals
Chemical Market Reporter, May, 1998
RHODIA HAS EMERGED as the second largest global specialty chemicals company behind Clariant with $6.2 billion in annual sales, $236 million in R&D spending and 26,000 employees worldwide.
Formed on January 1 through a merger of Rhone-Poulenc's chemicals and fibers & polymers businesses, the new company will focus on specialty chemicals and fibers. An initial public offering (IPO) of Rhodia could happen by mid- June, with Rhone-Poulenc retaining a majority interest in the company.
Rhodia has six operating divisions: consumer specialties, fine organics, industrial specialties, services & specialties, polyamide and polyester. The company is divesting its non -core polyester operations, but will retain and focus on its PET resins and PTA businesses. The...
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