PARIS - Specialty chemical producer Rhodia has completed the acquisition of Feixiang Chemicals (Zhangjiagang) after receiving approval from Chinese authorities.
Located in Zhangjiagang near Shanghai, Feixiang Chemicals is one of China’s leading producers of amines and surfactants. The company employs about 650 people.
This acquisition represents an 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.
Rhodia Completes Acquisition of Feixiang Chemicals
December 10, 2010