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Rhodia

RHODIA (EXCHANGE: RHAYY.PK)

Website: http://www.rhodia.com/

Company Description

Rhodia was founded as an industrial chemical company when French chemical company Rhone-Poulenc decided to merge its healthcare assets with those of German Chemical Company Hoechst to form Aventis, now Sanofi-Aventis.

In 2011, Belgian chemical company Solvay announced the acquisition of Rhodia. In 2012 Rhodia retains its identity, but is listed as a Solvay Group Company.

In April, 2012, Rhodia announced an agreement with Tantalus Rare Earths AG to purchase the rare earths concentrate from their Madagascar mine. [1]

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