… Restructures, and Evaluates Fine Chemicals

Clamadieu: Suppliers under pressure. Rhodia CEO Jean-Pierre Clamadieu says the company is restructuring its fine organics business, which supplies chemical intermediates to the pharmaceutical industry. Rhodia will decide whether it will keep the business or sell it after the restructuring is completed and expects to reach a decision in a few months, Clamadieu says. The company did not provide further details about the restructuring or the possible sale. Increased competition from China and India have put pressure on pharmaceutical intermediate suppliers, he says...

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