19 March 2008 22:09 [Source: ICIS news]
By Doris de Guzman
NEW YORK (ICIS news)--French chemical producer Rhodia is looking for more capacity investments and even acquisitions in China, CEO Jean-Pierre Clamadieu said on Wednesday.
“We think that if you want to be successful, you’d better be producing in ?xml:namespace>
While not excluding acquisitions, Rhodia currently thinks that organic growth may be the more effective way to grow its business in
More than half of the company’s growth capital expenditures would be committed to
Rhodia's recent investments in China include an engineering plastics plant in
Some of the major challenges in developing capacity in China include access to raw materials, finding and investing in the right people, and making sure that the company’s intellectual property is protected, according to Clamadieu.
“If companies are not careful in
Beyond new facilities, he said the company has also invested in the region’s human resources with more than 95% of its middle and top management being Chinese.
Clamadieu declined to comment on
“Our next target is to reach 50% of sales and we can probably reach this target within a 3-5 year timeframe,” he added.
($1 = €0.64)
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