Rhodia Completes Acquisition of Engineering Plastics Business in India

Rhodia says it has completed the acquisition of PI Polymer, the engineering plastics business of chemical company PI Industries (Gurgaon, India), after receiving approval from the country’s authorities. A new entity dubbed Rhodia Polymers & Specialties India has been created to host Rhodia’s newly integrated assets, including an industrial facility at Panoli in the state of Gujarat, R&D capabilities as well as logistics network in India. The acquisition is a major step in Rhodia Engineering Plastics’ growth ambition in India, which aims...

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