Rhodia to close Venezuela acetate filter fibre plant

26 May 2010 10:07  [Source: ICIS news]

LONDON (ICIS news)--Rhodia is to close its acetate filter tow manufacturing plant in Valencia, Venezuela, as part of a wider cost-cutting programme, the speciality chemicals company said on Wednesday.

The closure of the facility, which employs about 120 people, would be fully effective by the end of 2010, it said.

The company’s cellulose acetate fiber unit, Rhodia Acetow, said it would continue delivering to its customers through filter tow plants in Germany, Russia and Brazil.

Rhodia Acetow is the third largest producer of cellulose acetate tow, which is used in the manufacture of cigarette filters, and has a worldwide market share of 18%, according to the company.

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By: Elaine Mills
+44 208 652 3214

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