06 June 2011 09:57 [Source: ICIS news]
SINGAPORE (ICIS)--French chemical producer Rhodia and Russia's Sibur have signed a letter of intent to form a joint venture in specialty surfactants that will have a production base in Dzerzhinsk, ?xml:namespace>
The 50:50 partnership hopes to create a leader in the Commonwealth of Independent States (CIS) market, comprising of former Soviet republics, where the surfactants sector is growing at more than 6% annually, Rhodia said in a statement on Monday.
Production at D
Financial details of the deal were not disclosed.
“This strategic partnership is a key step in our development in the dynamic surfactants market in the CIS and e
“Collaboration with Rhodia is in line with our strategy of expanding into carefully chosen specialty chemicals business segments,” said Sibur CEO Dmitry Konov in the statement.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections