ST. LOUIS, July 22 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) today announced that it is optimizing and expanding its Saflex® polyvinyl butyral (PVB) interlayer manufacturing capacity in South America as part of its strategic plan to continue serving as a leading supplier of PVB technology into the region's architectural and automotive glass markets.
"Solutia's steadfast commitment to the South American market continues to grow. This region, specifically Brazil and Argentina, is a rapidly expanding market for the key automotive and construction industries," said Timothy J. Wessel, president and general manager of Solutia's Advanced Interlayers division. "We are optimizing our current operations and will be implementing future expansions to better position our customers to seize opportunities in the market."
Saflex is the most trusted name in polyvinyl butyral (PVB) interlayer technology for laminated glazing, delivering outstanding performance and durability backed by reliable and knowledgeable service. Saflex interlayers are found in nearly 40 percent of laminated architectural and automotive glass worldwide, and are also used to encapsulate thin film photovoltaic solar cells, providing outstanding processability and durability. Solutia currently has six manufacturing sites worldwide that produce Saflex PVB interlayers and encapsulants, including a facility in San Jose dos Campos, Brazil.
"As the global economic recovery continues, increased demand for quality interlayer products has followed," said Eric S. Nichols, vice president of business management for Solutia's Advanced Interlayers division. "Solutia will continue to invest in its manufacturing capabilities to meet increased market demand."
NOTE TO EDITORS: Solutia, Solutia and Infinity Logo, and Saflex are trademarks of Solutia Inc. and/or its subsidiaries.
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™, FormulaOne®, Gila®, EnerLogic™, V-KOOL®, Hüper 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 3,300 employees in more than 50 worldwide locations. More information is available at www.Solutia.com