The company reports that price increase is directly related to the increase in raw material costs in 2011. Prices for currently contracted business will be adjusted as individual contracts allow.
“The key raw material feedstocks used to make Saflex interlayer, ethylene and propylene, are trading at or above historical highs, despite the fact that oil is well below its 2008 peak,” says Eric Nichols, president and general manager of Solutia's Advanced Interlayers division. ”Rising costs are most pronounced in the propylene markets, where the shift to lighter feedstocks is affecting supply, in addition to increased demand.”
According to Rick Calk, vice president of commercial operations for Solutia's Advanced Interlayers division, the price increase is necessary due to the unprecedented increase in raw material pricing seen in the first half of 2011. “As a leading supplier of PVB interlayers and EVA encapsulants, we are fully committed to meeting the current and future needs of our customers. We have recently made several significant investments to ensure long-term cost competitiveness and the stable supply of quality, high-performance interlayer products around the world, and we will continue to do so in the future.”