Rhodia Polyamide South Korea: Polymerization Unit Construction on Schedule
Rhodia announced that the construction of its new 48kt Polyamide 6.6 salt and polymerization plant in Onsan, South Korea is on schedule and that plant start-up is set for early December 2007. Rhodia invested almost 40 million euro in the design and construction of the company's first polymerization unit in Asia. This investment is consistent with Rhodia's strategy.
"Rhodia Polyamide is focused on the further growth of PA 6.6 business and towards achieving that objective we have a three-point strategy," says Laurent Schmitt, CEO Rhodia Polyamide. "The first is the ongoing development of Rhodia's industrial footprint to ensure our global competitiveness in intermediates & polymers, particularly in the world's fastest growing regions. Secondly, the strengthening of engineering plastics as the growth engine of our activities; and thirdly, the targeting of Asia and Brazil as priority zones for expansion beyond Rhodia's European base."
Rhodia has already two engineering plastics compounding facilities in China and South Korea and recently opened a new technical application development centre in Shanghai.
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