Manufacturing Industry
Rhodia focused on Asia.(News)(Rhodia Polyamide Co. Ltd.)
Plastics News, March, 2007 by Toloken, Steve
Byline: Steve Toloken Rhodia Polyamide Co. Ltd. is looking at building an adiponitrile plant in Asia to strengthen its raw materials capacity for nylon resins, part of what the company said is a focus on investments in engineering plastics and Asia. The March 14 announcement came as Rhodia broke ground on a polyamide polymerization plant in Onsan, South Korea, with 106 million pounds of capacity.
It is expected to open by year's end. "The Asian market is really for us a business focus,'' said Rhodia Polyamide President Laurent Schmitt. "It's our first priority for growth.'' Asia grew from 16 percent of Rhodia's polyamide sales in 2005 to 25 percent in 2006, driven by automotive, electronics and consumer and industrial goods. Sales rose about 55 percent...
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