ST. LOUIS, June 14, 2006 (PRIMEZONE) -- Solutia Inc. (OTCBB:SOLUQ) has announced a price increase of $0.05 per pound for adipic acid. This increase will apply to North American orders shipped on or after July 1, 2006, for all non-contract customers and where contracts allow.
"We are implementing this price increase due to the recent rapid escalation of raw material costs and sustained high energy and transportation costs that continue to affect our business, as well as the strong global demand for adipic acid," said Richard Kisiel, general manager, Nylon Intermediates, Solutia Inc.
About Solutia Inc.
Solutia 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, producing Saflex(r) and Vanceva(r) brand polyvinyl butyral interlayers for laminated glass in automotive, architectural and residential applications. Solutia is also a leader in process development and scale-up services for pharmaceutical fine chemicals; specialties such as water treatment chemicals, heat transfer fluids and aviation hydraulic fluid; and an integrated family of nylon products including high-performance polymers and fibers, such as Wear-Dated(r) and Ultron(r) for residential and commercial carpet fibers.