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Monday, 13 July 2020
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Markets & companies

Rhodia completes acquisition of its joint venture in Thailand

Tuesday, 30 June 2009

Rhodia buys its minority partner’s shares in the joint venture Rhodia Thai Industries Limited.

Rhodia operates 20 production sites in the Asia-Pacific region. Source: erdquadrat__www.fotolia.de

Rhodia operates 20 production sites in the Asia-Pacific region. Source: erdquadrat__www.fotolia.de

Rhodia has completed the acquisition of its minority partner’s shares in the joint venture Rhodia Thai Industries Limited. The joint venture currently employs 80 people and is based in Bangpoo, Thailand. Initially manufacturing aspirin, the company developed a surfactants activity to respond to the growing demand in Thailand and in the Asia-Pacific region for numerous markets: home and personal care, agrochemicals, coatings, oil field and industrial applications. "This transaction follows the acquisition of the US-based surfactants manufacturer McIntyre in February 2009 and the recent start up of our new surfactants unit in Roha/India. The purchase of our minority partner’s shareholding in Thailand is in line with our strategy to grow businesses in which we hold strong leadership positions and reinforce our global presence in the specialty surfactants market" said Pascal Juery, President of Rhodia Novecare.

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