19 November 2008 11:55 [Source: ICIS news]
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SHANGHAI (ICIS news)--French specialty chemical producer Rhodia remains optimistic about the Asia-Pacific polyamide (PA) market despite the current softening of demand, CEO Jean-Pierre Clamadieu said at the opening ceremony of its new Shanghai R&D centre on Wednesday.
“Regarding the polyamide market in Asia, ?xml:namespace>
Rhodia’s net profits surged 24% in the third quarter to €
However, earnings in polyamide (PA), its largest business segment, remained flat due to higher raw materials prices and falling demand in the automotive and textile markets.
Full-year 2008 profit would be better than last year, Clamadieu said.
The company plans to double its sales in the Asia-Pacific region to €2bn in 2012, of which €
“We feel pressure for the target, but we are confident and will try our best to make it come true,” Dong Jie, a division manager from the R&D centre, said in Mandarin.
Rhodia had a more geographically balanced global R&D footprint to boost its ambition of growth and development in the Asia-Pacific region, it said.
“Our regional teams now have the ability to develop new products and technologies targeted at our customers in the Asia-Pacific region," said Paul-Joel Derian, Rhodia’s vice-president for research and development.
"With the completion of this new world-class R&D facility, Rhodia has more leverage in shaping our future as well as access to the broad pool of talent in
Rhodia now has two R&D centres in
($1 = €0.79)
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