Rhodia faces double whammy, US & Swiss plants innundated
14 Sep '05
2 min read
Paris based agrochemicals maker Rhodia reported that the recent natural disasters in Central Europe and the United States have adversely affected operations at two Rhodia facilities.
The Emmenbrücke polyamide technical fibers production plant suffered severe damage following heavy flooding in Switzerland in late August. The facility has been shut down, and some production has been transferred to the Humenné plant in Slovakia. After repairs, production will gradually resume in fourth-quarter 2005.
The Baton Rouge plant in Louisiana, which regenerates sulfuric acid for refineries in the region and manufactures diphenols, suffered little damage from Hurricane Katrina and is back on stream. However, Rhodia is still waiting for some of its customers to resume operations and is adversely impacted by the disruption of the supply chain in this region.
These exceptional events will slow down the forecasted growth in EBITDA in the second half. The full-year 2005 impact of these natural disasters is not expected to exceed a 5% shortfall in projected EBITDA.
The Group's businesses are performing satisfactorily and these exceptional events, whose impact is limited to second-half 2005, do not jeopardize Rhodia's 2006 targets.
Leading specialty chemicals group Rhodia is recognized for its strong technology positions in applications chemistry, specialty materials and services, and fine chemicals.Partnering with major players in the automotive, electronics, fibers, pharmaceuticals, agrochemicals, consumer care, tires, and paints and coatings markets and perfumery markets, it offers tailor-made solutions combining original molecules and technologies to respond to customers' needs.
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