Friday, February 27, 2009

Rhodia swings to Q4 loss plummeting demand, customer destocking

French chemical company, Rhodia posted a 3.5% decline in Q4 net sales (EUR 1,126 mln) led by decreasing sales volumes particularly in its Polyamide and Silcea business. Other businesses posed strong rresistance to the deepening global economic crisis in the alst quarter of 2008.

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