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 Solutia Inc.
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.
Corporate Profile
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
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CONTACT: Solutia Inc.
Media
Melissa Hammonds
+1-314-674-5555
Customers (Americas)
Bob Jacobs
+1-314-674-8757
Customers (Asia)
Michael Zhan
+86-21 6361 7826
Customers (Europe)
Ron Bult
+49 2181 1648354
