Solutia Announces Exit Of The Primary Accelerators Business

Date: 23 April 2010
Source: Solutia
ST. LOUIS, April 22, 2010 /PRNewswire via COMTEX/ --Solutia Inc. (NYSE: SOA) announced today that it will exit the Primary Accelerators business and discontinue Primary Accelerators production at its facility at the Monsanto Antwerp site in Belgium.

Production of Primary Accelerators is scheduled to stop in the second half of 2010.
"This decision is consistent with Solutia's overall strategy to focus on businesses that are market leaders with a sustainable competitive advantage," said Mike Donnelly, President and General Manager of Solutia's Technical Specialties division. "As the Primary Accelerators market is oversupplied with low-cost Asian producers and there are few barriers to entry, Solutia has determined this business no longer meets our strategic criteria."
This decision does not affect the Santoflex PPD manufacturing operations at Antwerp, including production of 4-ADPA, the key intermediate for Solutia's Santoflex(R) line of antidegradants. "Our patents and scale in the PPD business give us a sustainable competitive advantage," added Donnelly, "allowing us to deliver value to both customers and shareholders."
This action regarding Primary Accelerators is a necessary and strategic step in positioning Solutia's Flexsys portfolio to remain the global leader in the manufacture and supply of high-quality rubber chemicals that have a competitive advantage in the market. Over the coming months, Solutia will work closely with customers, suppliers, and Monsanto to provide a smooth transition out of the Primary Accelerators business.

600450 Solutia Announces Exit Of The Primary Accelerators Business

See more news about:

Others also read

Keepsafe Maximum Glass preserves aesthetic appeal of the hotel while providing protection from hurricanes
Saflex® Earth Tones Collection Soothing Colors for Today’s Architectural Designs KINGSPORT – Eastman Chemical Company (NYSE:EMN), manufacturer of Saflex® PVB interlayers, announces a new color collection designed to give laminated glass — and thereby any architectural space — greater aesthetics, warmth, and serenity.
When tenants refuse to renew their leases because of heat and glare problems, property owners and managers know they have a severe problem and must address it immediately.
Eastman Chemical Company (NYSE:EMN) is proud to announce that Saflex® DG structural interlayer has been awarded the General Technical Approval (Allgemeine Bauaufsichtliche Zulassung or AbZ) by the German Institute for Building Technology (Deutschen Institut für Bautechnik -DIBt).
High performance window film as applied to commercial and residential properties is so advanced today that you can address solar control, safety, and high energy savings all in one film, according to Bob Kerr, president of Epic Glass Tinting.
Starting today, Eastman Chemical Company (NYSE: EMN) will showcase advanced automotive glazing technologies at its booth during the 2013 Japanese Society of Automotive Engineering (JSAE) World Congress, held May 22 through May 24 in Yokohoma, Japan.

Add new comment