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Rhodia returns record profits as take-over looms

SOLVAY'S bid for Rhodia is likely to be concluded towards the end of July, Rhodia chief executive Jean-Pierre Clamadieu has revealed at a press conference to announce record first quarter profits.
In the first quarter, net sales increased by 28% to €1,503 m from €1,176 m last year, leading to record quarter profitability with a Recurring EBITDA of €283 m compared to €221 m in 2010.

The friendly bid from the Belgian chemical company values Rhodia at €3.4 bn.

According to the Wall Street Journal, Clamadieu is set to become deputy CEO of the new entity and to take over as number one once Solvay CEO Christian Jourquin retires.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...


New tool from RDM to measure refrigeration system efficiency

A new analytical software tool is now available that helps businesses select and manage the most efficient refrigeration systems for their premises to save energy and operating costs. Resource Data Management’s newly developed software – ...


Extending the application range of the SEC HD - Electric Expansion Valve Controller Heavy Duty Series

The SEC-HD is now compatible with variety of applications using CO2, hydrocarbon, and HFC refrigerants. Users can select from a range of pressure transducers tailored to their specific application and market requirements.
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