Rhodia compelled to declare Force Majeure on its Polyamide value
Rhodia is compelled to declare Force Majeure on its Polyamide value chain due to disruptions of raw material supply caused by the low water level on the RhineRiver.
Force majeure is a clause commonly found in commercial agreements, which states that one or both parties will not be liable for any delay in performance or non-performance of its obligations upon the occurrence of certain extraordinary events.