Solutia (SOA - Snapshot Report) is expected to post double digit earnings growth in both 2010 and 2011.
Solutia manufactures a diverse group of chemicals including Saflex, an interlayer for laminated glass that is used in the solar industry, CPFilms aftermarket window films, the Flexsys family of chemicals for the rubber industry, and Skydrol aviation hydraulic fluid.
Solutia is the world’s only single source supplier of EVA, TPU and PVB solar encapsulants.
Because of strong growth in the Chinese solar industry, Solutia announced in December 2010 that it would expand its current operations at its Suzhou, China facility to include additional production lines in support of Vistasolar ethylene vinyl acetate (EVA) encapsulant.
It currently produces Vistasolar encapsulants in Germany.
Solutia is a global company, operating in 50 locations outside of the United States. It derives the majority of its sales from outside of the United States.
Outlook for 2011
On November 10, at its investor day conference, Solutia provided bullish 2011 guidance.
SOA expects the recovery in the developed economies to continue and that there will be growth in the emerging markets. The earnings growth trend over the last 3 years has been to the upside. Solutia reaffirmed its 2010 guidance range of $1.40 to $1.50 per share.
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