ST. LOUIS and DUSSELDORF, Germany, Oct. 24, 2006 (PRIMEZONE) -- At the Glasstec 2006 exhibition in Dusseldorf, Germany, Solutia Inc. (OTCBB:SOLUQ), the world leader in the production and sale of polyvinyl butyral (PVB) interlayers, today announced its PVB interlayer business will now be known as "Saflex(r)", which is also the name of its flagship brand.
"The market recognizes Saflex as the world leader in PVB innovation, quality and reliability," said Luc De Temmerman, president of Solutia's Performance Products Division. "At Glasstec 2006, Saflex will make a series of announcements that demonstrates our commitment to providing customers with the best new products and the highest degree of market support anywhere in the world."
Solutia's Glasstec 2006 exhibit (Hall 11, Stand A60) will prominently feature the Saflex logo throughout. In addition, the new products being introduced and the accompanying literature will all focus upon the Saflex brand. These are the first steps in the new Saflex brand rollout, which Solutia will continue over the next few months.
"Saflex is the world's leading brand of PVB interlayers," said Tim Feast, worldwide business director for Solutia's Saflex business. "Therefore, we are focusing on this single, powerful brand to represent the products, services and expertise that set us apart from our competitors. Saflex has a long and strong heritage within the glass industry, and through a renewed focus on Saflex we will leverage this tremendous brand equity to the benefit of our customers."
Solutia's Saflex business manufactures PVB interlayers at Ghent, Belgium; Puebla, Mexico; San Jose Dos Campos, Brazil; Springfield, Mass., USA; and Trenton, Mich., USA. It also operates a PVB finishing and distribution center in Singapore, and is constructing a new Saflex PVB interlayer plant scheduled to begin production in Suzhou, China, in mid-2007.
In addition to being the world's largest producer and seller of PVB interlayers, Solutia's Saflex business is the global leader in PVB innovation, quality and reliability. When laminated between layers of glass, PVB interlayers greatly enhance the performance characteristics of glass, providing benefits such as security, solar protection, sound attenuation and safety. Laminated glass made with Saflex PVB is used extensively in both the automotive and architectural markets. For more information, please visit: http://www.saflex.com.
Note to Editors: Saflex is a registered trademark of Solutia Inc.
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; 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.
Solutia ... Solutions for a Better Life.
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 and filings can be accessed through the "Reorganization" and "Investors" sections of Solutia's website at www.solutia.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.