Rhodia reinforces position in polyamide chain in Latin America

24-Jun-2004

Paris - Rhodia CEO Jean-Pierre Clamadieu officially opened a new plant at the Group's production facility in Paulinia (São Paulo), Brazil, on June 21. The capital investment of $10 million will increase the plant's production capacity by more than 25% to 165,000 metric tons of phenol and 101,000 metric tons of acetone per year.

This operation will reinforce Rhodia's position in the upstream polyamide chain in Latin America and confirms its status as a leading player in organic intermediates. The Group also will be able to respond to the strong growth in phenol/acetone markets particularly those tied to exports such as wood derivatives.

"This investment reflects Rhodia's intention to strengthen its position in markets, such as polyamide, and in regions where the Group has a strong presence," said Jean-Pierre Clamadieu, CEO of Rhodia.

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