Rhodia acquires China guar unit from Suzhou HiPro Polymers

10 January 2011 17:25  [Source: ICIS news]

LONDON (ICIS)--Rhodia has acquired a guar derivatives production unit from Suzhou HiPro Polymers in China, the French specialty chemicals producer said on Monday.

The new unit, based at Zhangjiagang, Jiangsu province, would complement Rhodia’s existing global guar derivatives manufacturing footprint in the US, France and India, it said in a statement.

Guar derivatives come from the guar plant from which guar gum, a polysaccharide, is extracted. It is used in various applications including agrochemicals, cosmetics, and oil and gas extraction.

Rhodia said it was also investing in its guar facility at Vernon, Texas, in the US, to increase production capacity and improve competitiveness.

“This targeted acquisition and the enhancement of our industrial assets will reinforce our worldwide leadership position in guar technology as a supplier of natural guar-based materials,” said Rhodia Novecare president Emmanuel Butstraen.

Completion of the transaction, which was subject to various closing conditions, was expected to be finalised in the first quarter.

Financial details were not disclosed.

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By: Graeme Paterson
+44 20 8652 3214

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