Rhodia Acquires Feixiang Chemicals
Specialty chemical producer Rhodia has completed the acquisition of Feixiang Chemicals after receiving approval of the Chinese authorities. Located in Zhangjiagang near Shanghai, Feixiang Chemicals is China's leading producer of amines and surfactants, and employs about 650 people. This acquisition will allow Rhodia to integrate specialty amines technologies, key intermediates of surfactants, into its Novecare business portfolio. 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.