Rhodia sells its paper and textile additives business to Kemira

04-Sep-2003
Rhodia announced today the sale of its textile and paper additives business based in Sausheim (Alsace), France, to the Finnish group Kemira. The transaction includes the plant at Sausheim, its employees and all of its assets. These industrial additives are mainly used in the textile, paper and polymerization markets in Europe, and includes products such as defoamers and textile sizing agents. The paper and textile additives activity generated sales of 14 million euros in 2002. Industrial additives production is not a core technology for Rhodia's PPMC enterprise, which has withdrawn from the textile and paper markets and is focusing on the production of performance latex products and aliphatic isocyanates for paints, coatings and adhesives applications. This divestment is in line with Rhodia's strategy to divest non-strategic assets that are inconsistent with a business model based on the cross-fertilization of technologies and the delivery of high value-added solutions to customers.

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