Forecast improved for Crystex® insoluble sulfur
ST. LOUIS October 14, 2009 – Solutia Inc. (NYSE:SOA) has recently announced its plans to reopen its Monongahela, Pennsylvania, manufacturing site by early November.
“Demand for Crystex insoluble sulfur has improved significantly since the first quarter of 2009,” said Greta Senn, vice president of Crystex. “We look forward to welcoming back our employees and serving our customers. Restarting the plant will continue to ensure a steady and reliable supply of insoluble sulfur to our tire customers worldwide.”
Solutia’s Monongahela plant was temporarily idled in June 2009.
Solutia is the world’s leading producer of chemicals for the rubber and tire industry. Crystex insoluble sulfur prevents sulfur migration and is critical for the manufacture of quality radial tires.
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 and Solutia's ability to raise additional funds which is subject to market conditions. 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, the risk and uncertainties regarding the consummation of the transactions described in this press release or the timing thereof, including the possibility that the conditions to consummating the transactions may not be satisfied or that the transactions may not close, and those other 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.
About Solutia Inc.
Solutia (NYSE:SOA) 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® interlayer for laminated glass; CPFilms® aftermarket window films sold under the LLumar® brand and others; and technical specialties including the Flexsys® family of chemicals for the rubber industry, Skydrol® aviation hydraulic fluid and Therminol® 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 3,100 employees in more than 60 locations. More information is available at www.Solutia.com.
Media:
Emily Parenteau : 314-674-3676
Investors:
Susannah Livingston: 314-674-8914
Source: Solutia Inc.
St. Louis
10/14/09
