Sunday, March 4, 2012

Rhodia Takes Control of Slovak Affiliate.

Rhodia has acquired the 43% it does not own of nylon-6 producer Chemlon (Humene, Slovakia) from the Slovak government for an undisclosed sum. Rhodia's existing 57% stake is held via Rhne-Poulenc Holding (RPH; Amsterdam), a subsidiary of Rhodia and Nylstar--Rhodia's 50-50 jv with Snia (Milan).

Chemlon is the only nylon producer in the former Czechoslovakia. It has 45,000 m.t./year of capacity--about half industrial yarn and half textile yarn. It exports over 90% of its production, mainly to the Czech Republic and western Europe.

Rhodia says …

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