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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections