Brazil. The chemical supplier Rhodia announced that in the Brazilian market during 2008 net revenues of US$1,199 million were obtained. The results are no further different from those obtained in 2007, as reported in a press release.
The exports of the company based in that South American country amounted to US $ 300 million, evidencing a decrease compared to 2007, when US $ 330 million were reported. The markets of North America, Asia and Europe were the ones that reported the highest growth.
Solvents were the products with the best sales results, followed by plastics and phenols.
The company's overall revenue for the previous year was $6 billion, although net income was down 18%. EBITDA also decreased 12%.
The company's CEO, Jean-Pierre Clamadieu, said: "We are implementing new structural cost reduction measures to save €150 million by 2011. This will improve our competitive position."
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