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Rhodia completed the acquisition of the engineering plastics business of Indian PI Industries

April 13/2011

(Rhodia) -- Specialty chemical producer Rhodia has completed the acquisition of the engineering plastics business of Indian company PI Industries Ltd (PIIL), after receiving approval of countrys authorities.


Rhodia Polymers & Specialties India Private Ltd is the name of the legal entity created to host Rhodias newly integrated assets, including one industrial facility based in Panoli (Gujarat state), R&D capabilities as well as logistics network in India.


This acquisition is a major step in Rhodia Engineering Plastics growth ambition in India, aiming at doubling its local production capacities to represent 15% of Indian polyamide compound market by 2015.


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