July 25, 2011
New Solutia Resin Investment Supports Growing Demand in Asia Pacific PVB Sheet Market
ST. LOUIS, July 25, 2011 /PRNewswire/ -- Solutia Inc. (NYSE: SOA) the world's leading producer of polyvinyl butyral (PVB) interlayers for laminated glass, sold under the SaflexÃ® brand, announced today it has chosen its Kuantan, Malaysia facility for the addition of a PVB resin plant. The location was approved after an extensive feasibility study of the region, which recognized the site's efficient operations, high-quality workforce and ability to serve the broader region's rapidly growing markets. Kuantan is also home to the company's CrystexÃ® insoluble sulfur manufacturing facility, the largest of its kind in the world.
The Kuantan resin investment will be designed to leverage Solutia's experience and innovation in PVB resin technology with scalability in mind, to respond to future market demand across emerging Asia Pacific markets. "The increased capacity realized from the addition of a PVB resin plant in Malaysia will be used to cost-effectively meet the increasing demand for Saflex sheet produced by our two manufacturing lines in Suzhou, China," said Eric Nichols, president and general manager of Solutia's Advanced Interlayers division. "In addition, our advances in resin technology have resulted in scalable, less capital-intensive plants that fully leverage our 80-year history of developing PVB technologies."
The Kuantan resin plant is the third in a series of investments in the region intended to meet the demand of the burgeoning laminated glass market across Asia Pacific. In 2007, Solutia opened the Suzhou, China plant, the fifth manufacturing site for the company's world-leading Saflex PVB interlayers. In 2010, Solutia announced the addition of a second PVB manufacturing line within the existing footprint of the Suzhou plant, featuring enhanced capabilities to serve the architectural, photovoltaic and automotive markets in China and the broader Asia Pacific region. The Suzhou site is also home to a new Saflex customer service testing lab, dedicated to supporting laminated glass customers in the region.
Solutia manufactures SaflexÃ® PVB interlayers at sites located 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. Saflex interlayers are also used to encapsulate thin film photovoltaic solar cells, providing outstanding processability and durability.
Notes to Editor: SOLUTIA and Radiance Logo(TM) and all other trademarks listed below are trademarks of Solutia Inc. and/or its affiliates.
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), EnerLogic(TM), FormulaOneÃ®, GilaÃ®, V-KOOLÃ®, Huper OptikÃ®, IQue(TM), Sun-X(TM) 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 3,300 employees in more than 50 worldwide locations. More information is available at www.Solutia.com .
SOURCE Solutia Inc.