Rhodia SA, together with its subsidiaries, develops, produces, and markets specialty chemicals in the Asia Pacific, Europe, Latin America, and North America. The company produces Polyamide 6.6; intermediates and polymers for industrial paints, textiles, tires, airbags, automotives, and electronics; engineering plastics for automotive and transport, electrical, electronics, construction, industrial equipment, and consumer goods; textile yarn for lingerie, sportswear and beachwear, socks, and fashion; industrial yarn for tires, conveyor belts, sewing threads, ropes, and fishing nets; and staple fiber for abrasives, mixtures of fibers, and filtration markets. It also provides acetate tow and ce...
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Founded in 1989
Rhodia SA to Redeem in Advance its Two High-Yield Senior Notes
Apr 3 14
Solvay announced that its affiliate Rhodia SA will redeem in advance its two high-yield senior notes as part of the Group's aim to significantly reduce its gross debt. Rhodia SA has notified the bond holders of its decision to fully and irrevocably redeem its EUR 500 million high-yield notes, with an annual interest rate of 7% and due in 2018, as well as its $400 million high-yield notes, with an interest rate of 6.875% and due in 2020. Solvay will simultaneously repay the notes on May 15th with its available cash.
Solvay Seeks Sale Of Rhodia
Feb 28 14
Solvay SA (ENXTBR:SOLB) is planning to sell Rhodia SA. Jean Pierre Clamadieu, Chief Executive Officer of Solvay said that Solvay is reviewing strategic actions for Eco Services. He said that the business unit had a good cash profile, but Solvay had a question regarding its fit in the company's portfolio. Solvay reportedly hired Credit Suisse for the sale and private equity firms have been approached for a deal up to $800 million. Reuters reported that Credit Suisse declined to comment while Mike Wheeler, spokesman of Solvay referred questions to representatives in Brussels, who could not immediately be reached for comment.