ST. LOUIS, Dec. 10, 2007 (PRIME NEWSWIRE) -- Effective December 15, 2007, Solutia Inc. (OTCBB:SOLUQ) will increase the price of its Vydyne(r) polyamide 66 resin and Ascend(r) polymer in North America by 10 cents per pound. This increase applies to all orders shipped on or after December 15 with the exception of existing contracts with a validity date beyond December 15. Sustained increases in both energy and raw materials costs, along with strong global demand, have made this price increase imperative.
A world leader in nylon plastics, Solutia is committed to providing the highest-quality products, superior customer service and world-class technical support to our customers. Solutia's Vydyne 66 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.vydyne.com.
Note to Editors: Vydyne and Ascend are registered trademarks of Solutia Inc.
The Solutia Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2620
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" 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 described in Solutia's most recent Annual Report on Form 10-K, under "Cautionary Statement About Forward Looking Statements," Solutia's quarterly reports on Form 10-Q, and in filings with the U.S. Bankruptcy Court in connection with the Chapter 11 case of Solutia Inc. and 14 of its U.S. subsidiaries. These reports can be accessed through the "Investors" section of Solutia's website at www.solutia.com. The bankruptcy court filings can be accessed by visiting www.trumbullgroup.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 http://www.Solutia.com uses world-class skills in applied chemistry to create value-added solutions for customers, whose products improve the lives of consumers every day. Solutia is a world leader in performance films for laminated safety glass and after-market applications; chemicals for the rubber industry; specialties such as heat transfer fluids and aviation hydraulic fluid; and an integrated family of nylon products including high-performance polymers and fibers.
Solutia ... Solutions for a Better Life.