French firm Rhodia, the world's leading speciality chemicals manufacturer, yesterday announced a huge funds injection plan for the Chinese market in the next few years, which will account for a 3rd of its global investment. The financial input will raise China's share of Rhodia's global sales from 5 % to 10 % in 2008.
Rhodia seem to aim its competitors in the Chinese market by launching this kind of heavily funded project. In the past decade, Rhodia has invested US$400 million in China, launching 15 ventures.
26-Apr-05 
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