Solutia Announces Price Adjustment for Advanced Interlayers Product Portfolio
ST. LOUIS, Oct. 24, 2011 /PRNewswire/ — Solutia Inc. (NYSE: SOA) announced today that the company’s SaflexÃ‚® polyvinyl butyral (PVB) product portfolio will be subject to a price increase effective January 1, 2012. The price increase is related to the sustained costs of high quality raw materials seen in 2011 and will allow Solutia to continue to provide the quality product, industry leading support and cutting edge technology for its customers. Prices for currently contracted business will be adjusted as individual contracts allow.
“As a leading supplier of PVB interlayer, we are fully committed to meeting the current and future needs of our customers. We are exploring new pricing models to lessen the exposure that raw material pricing brings to our business and our customers,” says Eric Nichols, president and general manager of Solutia’s Advanced Interlayers division.
“Despite facing increases in both energy and processing materials costs, I am proud of Solutia’s efforts to improve production efficiency and boost capacity without sacrificing quality or service,” says Rick Calk, vice president of commercial operations for Solutia’s Advanced Interlayers division, “we continue to make significant investments to ensure long term cost competitiveness and the stable supply of quality, high performance interlayer products around the world and we will continue to do so in the future.”
Solutia manufactures SaflexÃ‚® PVB interlayers in Gent, Belgium; Santo Toribio, Mexico; San Jose Dos Campos, Brazil; Springfield, Mass., USA; and Suzhou, China.
Solutia’s SaflexÃ‚® product is the most trusted name in PVB interlayer technology for laminated glazing, delivering outstanding performance and durability, backed by reliable and knowledgeable service. As a result, it is found in nearly 40 percent of laminated architectural and automotive glass worldwide.
Ã‚© 2011 Solutia Inc. All rights reserved. SOLUTIA and the Radiance Logo(TM), VancevaÃ‚®, SaflexÃ‚®, VistasolarÃ‚®, and all other trademarks listed below are trademarks of Solutia Inc. and/or its affiliates. As used herein, Ã‚® denotes registered trademark status in the U.S. only.
Forward Looking Statements
This press release may contain forward-looking statements, which can be identified by the use of words such as “believes,” “expects,” “may,” “will,” “intends,” “plans,” “estimates” or “anticipates,” or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management’s current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those risks and uncertainties described in Solutia’s most recent Annual Report on Form 10-K, including under “Cautionary Statement About Forward Looking Statements” and “Risk Factors”, and Solutia’s quarterly reports on Form 10-Q. These reports can be accessed through the “Investors” section of Solutia’s website at www.solutia.com . Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: SaflexÃ‚® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLARÃ‚® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumarÃ‚®, Vista(TM), EnerLogicÃ‚®, FormulaOneÃ‚®, GilaÃ‚®, V-KOOLÃ‚®, Huper OptikÃ‚®, IQue(TM), Sun-XÃ‚® and Nanolux(TM) aftermarket performance films for automotive and architectural applications; Flexvue(TM) advanced film component solutions for solar and electronic technologies; and technical specialties products including CrystexÃ‚® insoluble sulfur, SantoflexÃ‚® PPD antidegradants, TherminolÃ‚® heat transfer fluids and SkydrolÃ‚® aviation hydraulic fluids. Solutia’s businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,400 employees in more than 50 worldwide locations. More information is available at www.Solutia.com .
SOURCE Solutia Inc.