Solutia Raises Price On All Ascend and Vydyne Nylon Plastics and
ST. LOUIS, June 4, 2008 (PRIME NEWSWIRE) -- Solutia Inc. (NYSE:SOA)
has announced a price increase of 10% across its Ascend(r) and
Vydyne(r) polyamide 66 (PA66) resins worldwide. This increase applies
to orders shipped on or after July 1 and will be applied across the
Ascend and Vydyne product families.
PA66, which is derived from oil, natural gas and other raw materials,
has been driven to unprecedented cost levels this year. In addition,
global demand and the rise in transportation and energy prices have
impacted shipping and freight costs. To continue to supply quality
products and meet growing market demands, it is imperative to
implement this price increase.
A world leader in nylon plastics and polymers, Solutia is committed
to providing the highest-quality products, superior customer service
and world-class technical support. Solutia's Ascend and Vydyne
polyamide resins add strength, durability and functionality to
products in numerous industries such as automotive components,
electronics and consumer goods. For more information, please visit
www.ascendnylon.com and www.vydyne.com.
Note to Editors: Ascend and Vydyne are registered trademarks of
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," "estimated," 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(r)
interlayer for laminated glass; CPFilms(r) aftermarket window films
sold under the LLumar(r) brand and others; high-performance nylon
polymers and fibers sold under brands such as Vydyne(r) and
Wear-Dated(r); and technical specialties including the Flexsys(r)
family of chemicals for the rubber industry, Skydrol(r) aviation
hydraulic fluid and Therminol(r) heat transfer fluid. 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 6,000 employees in more than 60
locations. More information is available at www.Solutia.com.
The Solutia Inc. logo is available at
CONTACT: Solutia Inc.
+86-21 6361 7826
+49 2181 1648354