BlueStar Acquires Rhodia's Global Silicone Business; Bluestar Silicones is Launched.CRANBURY, N.J. -- The acquisition of Rhodia's global silicones business by China National BlueStar Corporation, was finalized See finalization. on January 31, 2007, creating a new $700 million silicones-focused entity called Bluestar Silicones (www.bluestarsilicones.com). The acquisition involves all silicone-related business activities, products, employees and manufacturing assets, including two production sites in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. located in Rock Hill, S.C., and Ventura, Calif. Financial terms of the deal were not disclosed. Bluestar Silicones combines BlueStar Corporation's upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger Silicon metal operations and capacity with Rhodia's downstream From the provider to the customer. Downloading files and Web pages from the Internet is the downstream side. The upstream is from the customer to the provider (requesting a Web page, sending e-mail, etc.). silicone silicone, polymer in which atoms of silicon and oxygen alternate in a chain; various organic radicals, such as the methyl group, CH3, are bound to the silicon atoms. market and applications expertise. The combination of two upstream production facilities located in Roussillon, France, and Xinguo, China, offers 400,000 tons of capacity for silicones core intermediates. Bluestar Silicones' Xinguo site represents the largest available production capacity for core silicones intermediates in China. Olivier de Clermont-Tonnerre, former Rhodia Silicones president, will serve as chief executive officer of Bluestar Silicones. The global business will be headquartered in Lyon Lyon English Lyons City (pop., 1999: city, 445,452; metro. area, 1,348,932), east-central France. Located at the confluence of the Rhône and Saône rivers, it was founded as the Roman military colony Lugdunum in 43 BC (see , France. North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. , headquartered in Cranbury, NJ, will be led by J. Christopher York, who has been named president, Bluestar Silicones North America. "The merger with the leading silicones player in China is a unique opportunity for us to focus on our worldwide ambition based on strong positions and over 50 years' experience in silicones," says de Clermont-Tonnerre. "For North America, this acquisition is a win-win for our customers and our business," says York. "As an organization fully dedicated to the silicones market, we will benefit from a more responsive, efficient organization with enhanced resources to aggressively grow in the markets we serve. Now, with a fully-integrated global supply chain, we are well positioned for rapid growth in North America." With downstream production units throughout the world, Bluestar Silicones has leading positions in key markets such as specialty elastomers, paper and textiles coatings, dental and health care applications. |
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