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State-of-the-Art Capacity to Meet Growing Demand of Asian Auto Industry; Build Upon Solutia's Position as the World's Leading PVB Interlayer Supplier

Published on 2005-09-02. Author : SpecialChem

ST. LOUIS and SHANGHAI -- Solutia Inc. (OTC Bulletin Board: SOLUQ), the world leader in the production and sale of polyvinyl butyral (PVB) interlayers, announced it is beginning the construction of a new Saflex PVB interlayer plant in China. The company anticipates beginning production at the plant in mid-2007.

Solutia made the decision to construct the plant following the completion of a design and engineering study that began in the spring of 2005. The company has selected a construction site in Suzhou, providing ready access to the burgeoning Shanghai automotive industry. The plant will focus on meeting the growing demands of the Chinese automotive market by manufacturing PVB interlayers for use in windscreens. It also will be ideally located to supply other markets in Asia, further improving the business' ability to meet rising customer needs for Solutia PVB interlayers across the broader Asia-Pacific region.

In addition to the forthcoming Suzhou plant, Solutia's LGI presence in the Asia-Pacific region includes a finishing center, distribution center and regional customer service center in Singapore. These investments have been instrumental in establishing the high level of logistical support and customer service necessary to meet growing Asian demand. "This project demonstrates our commitment to a market that will be very important to our future growth and our focus on being a competitive supplier on a global basis," says Jeffry N. Quinn, president and CEO, Solutia Inc.

Solutia is the global leader in PVB interlayer innovation, quality and reliability. When laminated between layers of glass, PVB interlayers greatly enhance the performance characteristics of glass, providing benefits such as security, solar protection, sound attenuation, safety and style. Laminated glass made with Saflex PVB is used in applications for automobiles and buildings. In addition to Saflex, Solutia manufactures Vanceva® high-performance interlayers, providing customers the world's most innovative portfolio of laminated glass interlayers.

Corporate Profile

Solutia uses world-class skills in applied chemistry to create value-added solutions for customers, whose products improve the lives of consumers every day. Solutia is a world leader in performance films for laminated safety glass and after-market applications; process development and scale-up services for pharmaceutical fine chemicals; specialties such as water treatment chemicals, heat transfer fluids and aviation hydraulic fluid and an integrated family of nylon products including high-performance polymers and fibers.

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 described in Solutia's most recent Annual Report on Form 10-K, under "Cautionary Statement About Forward-Looking Statements," Solutia's quarterly reports on Form 10-Q, and in filings with the U.S. Bankruptcy Court in connection with the Chapter 11 case of Solutia Inc. and 14 of its U.S. subsidiaries. These reports and filings can be accessed through the "Reorganization" and "Investors" sections of Solutia's website. 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.

Source: Solutia


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