Rhodia (company)
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| Privately held Société Anonyme | |
| Industry | Chemicals |
| Founded | 1998 |
| Headquarters | La Défense, France |
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Key people
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Jean-Pierre Clamadieu (Chairman), Gilles Auffret (CEO) |
| Products | Polyamides, cellulose acetate tow, sulphuric acid, surfactants, polymers, phosphorus derivatives, silica, energy supply management |
| Revenue | €5.226 billion (2010) |
| €602 million (2010) | |
| Profit | €259 million (2010) |
| Total assets | €5.131 billion (end 2010) |
| Total equity |
 (€288 million) (end 2010)
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| Owner | Solvay |
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Number of employees
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14,130 (end 2010) |
| Website | www.rhodia.com |
Rhodia was a group specialized in fine chemistry, synthetic fibers and polymers which was acquired by the Solvay group after a successful tender offer completed in September 2011. The company served the consumer goods, automotive, energy, manufacturing and processes and electronics markets, and had 65 production sites worldwide, four research centers and four joint laboratories.
Rhodia was a public company that was founded on January 1, 1998 following the spin-off of the chemicals, fibers and polymers activities of Rhône-Poulenc when it merged with the German company Hoechst. On June 25, 1998, Rhône-Poulenc sold 32.7% of its share in Rhodia’s capital to the public. Rhodia became a listed company. In 1999, Rhodia made two acquisitions:
From October 1999, Rhône-Poulenc, which became Aventis then Sanofi-Aventis, gradually reduced its stake in Rhodia’s capital. It sold all its shares in the company on October 17, 2006.
Rhodia grew in the United Kingdom and the United States by buying out Albright and Wilson and ChiRex. In 2002 Rhodia sold off its basic chemicals activities in Europe (phenol, hydrochloric acid, sodium carbonate) and its holdings in Latexia (which was the world’s number two for latex for paper) and Teris (treatment of toxic waste. In 2004, Rhodia sold its food ingredients business. On March 31, 2004, Yves-René Nanot was appointed chairman of the board of directors. In 2005, it sold the chlorine (in the United Kingdom), phosphates and sulfuric acid (in Belgium) activities.
In 2006, Rhodia sold its latex business, plus its synthesis activity, and its facilities for the production of industrial wires and fibers in Europe. 2006 saw the creation of Orbeo, a joint venture with Société Générale, in the field of origination, trade and sale of carbon credits. Orbeo represents 8% of the carbon market.
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