As 2008 drew to a close and people the world over welcomed the New Year, few would have noticed the passing of Europe’s paracetamol industry as Rhodia closed the doors of the region’s last manufacturing facility in Roussillon, southern France.
French group Rhodia has put its gradual retreat from a flagging
fine chemicals business on a more formal footing by announcing the
break-up of Rhodia Organics.
French chemicals company Rhodia has decided to shut down a local
production site for its Rhodia Organics business, citing
competitive pressures in the market for pharmaceutical and
agrochemical intermediates.
Rhodia was present at this year's CPhI, alerting the industry to
its latest product updates, spawned out of the market demand to
provide products that allow its customers to better address process
and handling requirements.
French public prosecutors have expanded their criminal
investigations into alleged accounting irregularities by specialty
chemicals maker Rhodia, with a raid on the country's Ministry of
Finance.
French chemicals company Rhodia, already facing two separate
investigations for alleged accounting irregularities and insider
trading, has become embroiled in further legal fights just as it
starts to lift itself out of financial...
Rhodia is facing two separate investigations for alleged accounting
irregularities as well as insider trading, just as the financial
difficulties afflicting the French chemicals group have started to
abate.
French chemicals company Rhodia has announced three new deals which
keep it on track to divest €700 million-worth of businesses by the
end of the year as it aims for a return to profitability in 2006.
Rhodia Pharma Solutions has completed a new extension to its
production operation in Dudley, outside Newcastle, in the UK to
strengthen its ability to provide custom manufacturing services to
pharmaceutical companies.
Troubled chemicals company Rhodia has pressed ahead with plans to
sell off its food ingredients portfolio, allowing it to focus on
its core chemicals and pharmaceuticals businesses.
Chemicals company Rhodia has played down reports in the French
press that it is considering a sell-off of its activities in
silicon, food additives and phosphates as part of an asset
divestment programme aimed at improving its profitability.
After a difficult period which has seen the departure of its chief
executive and first-half loss of €150 million, Rhodia took the
opportunity presented by the CphI meeting in Frankfurt, Germany, to
reassert its commitment to the pharmaceutical...
Troubled chemicals group Rhodia sees its CEO depart as the company
announces another restructuring round that will see €600m in
divestments by end-2004.
Strasbourg, France-based Aventis has announced its intention to
sell off part of its remaining stake in Rhodia, its loss-making
former specialty chemicals subsidiary. The move reduces its stake
in Rhodia to 15.3 per cent from 25.2...
