Manufacturing Industry
Rhodia results in line with plans.
Cosmetics International, November, 1998
Speciality chemicals company Rhodia, which floated on the Paris and New York stock exchanges in June, has said that its results for the first nine months of the year are in line with its plans. The company has achieved a marked improvement in sales margins.
Rhodia recorded net sales of FF28.193bn for the first nine months of the year -- an increase of 1.1% in terms of volume on last year. The company stood up well to the currency crisis thanks to its focus on speciality chemicals and the fact that almost 80% of sales were in the US and Western Europe. It also benefited from its comprehensive global industrial network by having a pricing structure adapted to each market.
The company is continuing with its strategy of focusing on speciality chemicals...
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