Rhodia completes Feixiang Chemicals (ZJG) acquisition

12:00 AM @ Monday - 01 January, 1900
November 30th, 2010 --- Specialty chemical producer Rhodia has completed today the acquisition of Feixiang Chemicals (Zhangjiagang) after receiving approval of the Chinese authorities.

Located in Zhangjiagang near Shanghai, Feixiang Chemicals is a China’s leading producer of amines and surfactants, and employs about 650 people.
This acquisition represents a unique opportunity for Rhodia to integrate specialty amines technologies, key intermediates of surfactants, into Novecare’s business portfolio. The combination of Rhodia’s formulation expertise and end-market applications know-how with Feixiang Chemicals amines capabilities will reinforce Rhodia’s position in specialty surfactants for the home and personal care, industrial cleaning, agrochemicals, oilfield, coatings and industrial markets.

Through the integration of Feixiang Chemicals, Rhodia becomes the largest international surfactant player in Asia. Furthermore, Rhodia enhances its footprint in the world’s fastest growing region by generating one third of its net sales in Asia.
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