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Rhodia Completes Acquisition of Engineering Plastics Business in India

6:55 AM MDT | April 13, 2011 | Deepti Ramesh

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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