Rhodia completes sale of its sulfuric acid business to INEOS Chlor Limited

20-Jan-2005

Rhodia confirmed it has completed the sale of its sulphuric acid business based at its Staveley (Derbyshire) manufacturing site to INEOS Chlor Limited.

Production assets are not included and, as part of the transaction, the site will continue to manufacture sulphuric acid products on an exclusive basis for supply to INEOS Chlor for an agreed period of time, after which the sulphuric acid plant will close, marking the total closure of the site.

The sale to INEOS Chlor of the chlor-alkali business also based at Staveley will complete on 31 March 2005 when manufacturing at the Staveley site will end.

The two manufacturing facilities at Rhodia's Staveley site principally make sulphuric acid and chlorine for a wide range of markets, including agriculture, water, semi-conductors, pharmaceuticals, pigments and waste treatment. Currently 76 people are employed at the site. These businesses generated sales in 2003 of approximately £20 million.

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