Rhodia Strengthens Its Presence in China
CHINA: Rhodia announced that it has taken full control of its Chinese subsidiary, Wuxi Specialty Chemicals Co. Ltd., buying back 30% participation of its partner, the Wuxi Chemical Industry Group (RWSC). RWSC is a producer of surfactants and specialty chemicals in China, serving the personal and home care markets as well as industrial applications. Company executives commented that the strategic move is in line with Rhodia’s plans to grow in China.
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