30-Apr-2007 - Rhodia SA

Rhodia to increase intermediates production in Brazil

Rhodia Polyamide announced a 30 million euros investment to increase its intermediates production capacity at its Paulinia site in Brazil by end of 2008. This investment shall allow Rhodia to meet the demand of the market growing 5 to 6% per year, driven by demand for polyamide and phenolic resins in Latin America. "We have developed very solid positions in Brazil over the 87 years we've been present in the country. Today Brazil accounts for 13% of Group sales and I am particularly pleased to announce this project which confirms our commitment to the region," commented Rhodia CEO Jean-Pierre Clamadieu. "This investment is an excellent example of our strategy of sustainable and profitable growth."

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