The ICC arbitration tribunal confirms Rhodia's rights in the dispute against Invista
News release
Paris, January 28, 2010 ---- On January 22nd, 2010, an International Chamber of Commerce arbitral tribunal issued a partial award in Rhodia's dispute with Invista concerning the use of certain technology used to manufacture polyamide based products.
Rhodia is very pleased with the ruling, which vindicates most of Rhodia's arguments in this first phase of the proceedings.
Rhodia initiated the arbitration in October 2007 to confirm its rights to use certain information relating to the manufacture of adiponitrile (ADN) from butadiene in the construction of a potential new ADN plant.
Rhodia is an international chemical company resolutely committed to sustainable development. As a leader in its businesses, the Group aims to improve its customers’ performance through the pursuit of operational excellence and its ability to innovate. Structured around six Enterprises, Rhodia is the partner of major players in the automotive, electronics, flavors and fragrances, health, personal and home care markets, consumer goods and industrial markets. The Group employs around 14,500 people worldwide and generated sales of €4.8 billion in 2008. Rhodia is listed on Euronext Paris.
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