Date: 6 September 2002
Over the past five years, Solutia has adjusted to its independence during an era of consolidation by building its position as a specialty chemical company that provides "Solutions for a better life." Today, the company anticipates exciting growth opportunities and a bright future.John Hunter, Solutia chairman, president and CEO, views this milestone as an outstanding accomplishment in light of the tremendous amount of change the world has seen during the past five years. According to various business statistics, about 80 percent of new companies never make it to the critical five-year milestone. To surmount these odds, Solutia has transformed itself to create a promising future.
"About two years ago, we set out to aggressively create Solutia's future through the adoption of a dynamic portfolio strategy, which is to expand and grow our Performance Films platform, to aggressively grow select Specialty Products businesses, and to maximize the value of our Integrated Nylon platform," said Hunter. "This strategy leverages our inherent strengths -- such as outstanding technical support, excellent customer service, world-class research, the highest quality standards, and a number of market-leading brands."
Hunter added, "Solutia continues to embrace new opportunities and readily adapts to the changing economic times. But through it all, some things will always stay the same -- like our commitment to being a good neighbor in the communities where we operate, our dedication to hiring and retaining world- class employees, and the fact that our products and services bring solutions for a better life to people everywhere. Our five-year anniversary provides tremendous cause to celebrate and look forward to many anniversaries to come."
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