Solutia Continues to Grow Solar Presence in China
Expansion will provide cost-effective solutions to fast-growing solar market
ST. LOUIS, Dec. 8, 2010 /PRNewswire/ -- Solutia Inc. (NYSE: SOA) today announced plans to expand current operations to include additional production lines supporting Vistasolar® ethylene vinyl acetate (EVA) encapsulant at its Suzhou, China facility by late 2011. This capacity expansion follows an earlier announcement by Solutia to expand the Suzhou facility to include the production of EVA encapsulants.
"The photovoltaic market has seen tremendous growth in 2010, and the majority of photovoltaic module production is in Asia," said Tim Wessel, president and general manager of Solutia's Advanced Interlayers division. "We continue to invest to meet growing demand and provide cost-effective solar encapsulant solutions in the greater Asia-Pacific region and around the world."
Solutia's Vistasolar encapsulants, currently manufactured in Dietenheim, Germany, include ultrafast-curing EVA films as well as new thermoplastic polyurethane (TPU) films, which do not require curing. Solutia also manufactures Saflex® polyvinyl butyral (PVB) interlayers, used to encapsulate thin film photovoltaic solar cells, providing outstanding processability and durability.
"Solutia provides module manufacturers quality, high-performance encapsulants, supported by its manufacturing scale and expertise to control costs, while continuing to meet the demands of this fast-growing industry," added Wessel.
Solutia is the world's only single source supplier of EVA, TPU and PVB solar encapsulants. With more than 100 years of combined encapsulation process expertise and a track record of rapid innovation, Solutia is uniquely positioned to provide expert analysis and cutting-edge solutions to the world's leading solar energy companies.
Notes to Editor: SOLUTIA and Radiance Logo™ 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 risk 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: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar®, Vista™, EnerLogic™, FormulaOne®, Gila®, V-KOOL®, Huper Optik®, IQue™, Sun-X™ and Nanolux™ aftermarket performance films for automotive and architectural applications; Flexvue™ advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol® heat transfer fluids and Skydrol® 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.
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