Rhodia Sets Growth Targets; Switches from Enterprises to Global Business Units

Rhodia has announced new growth targets for 2013-2015 and says it will reorganize its operations into global business units (GBUs), replacing the current enterprises structure. Rhodia aims to generate an annual Ebitda, excluding carbon credits, of more than €1 billion within the next three to five years, which represents growth of about 40% compared with the company's expectations for this year, says Jean-Pierre Clamadieu, chairman and CEO of Rhodia. The company says it will focus on three key drivers: organic growth "in promising business areas and...

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