Solutia Announces Price Increase for Advanced Interlayers

Solutia Inc. SOA announced today that the company's Saflex® polyvinyl butyral product portfolio will be subject to a 5 percent price increase effective July 1, 2011.  The price increase is directly related to the increase in raw material costs in 2011 and will allow Solutia to continue to provide industry-leading support for its customers.  Prices for currently contracted business will be adjusted as individual contracts allow. "The key raw material feedstocks used to make Saflex interlayer, ethylene and propylene, are trading at or above historical highs, despite the fact that oil is well below its 2008 peak," comments Eric Nichols, president and general manager of Solutia's Advanced Interlayers division.  "Rising costs are most pronounced in the propylene markets, where the shift to lighter feedstocks is affecting supply, in addition to increased demand."