Rhodia completes sale of its Silicones business to China National BlueStar Corpn

February 2007
Chemical Business;Feb2007, Vol. 21 Issue 2, p100
Trade Publication
The article reports on the completion of the sale of the silicones business by Rhodia to Beijing, China-based China National BlueStar Corp. The business was sold at €417 million with a total of 1,200 employees. According to Rhodia chief executive officer (CEO) Jean-Pierre Clamadieu, the sale is a part of the plan they unveiled to restore the company's profitability and to focus its portfolio on businesses in which it holds strong leadership.


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