Rhodia Intend to Sell Chlor-Alkali and Sulphuric Acid Businesses to INEOS

Rhodia today announced it has signed a letter of intent with INEOS Chlor Limited for the sale of its chlor-alkali and sulphuric acid businesses based at its site in Staveley, Derbyshire.

Production assets are not included in this proposed transaction and manufacturing of chlor-alkali at Staveley will cease during the first quarter of 2005. The agreement with INEOS Chlor, which is expected to be concluded before the end of 2004, ensures continuity of supply for our customers.

The site will continue to manufacture sulphuric acid products on an exclusive basis for supply to INEOS Chlor for an agreed period of time, after which the sulphuric acid plant will close, marking the total closure of the site.

This operation forms part of the divesture of non-strategic activities pursued by the Rhodia Group with a view to consolidating its business portfolio.

For more information on sulphuric acid, click here.

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