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(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 country’s
authorities.
Rhodia Polymers & Specialties India Private Ltd is the name of the
legal entity created to host Rhodia’s 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.
mrcplast.com
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