St. Louis, Missouri -- Solutia Inc. announced it will realign its financial reporting to five segments from its current two-segment reporting structure. The five segments will be: Technical Specialties including Flexsys, Saflex, CPFilms, Integrated Nylon, and Other.
"This change will promote a better understanding of the underlying nature of Solutia's businesses by providing a more detailed analysis of each segment,'' said Jeffry N. Quinn, chairman, president and chief executive officer of Solutia Inc. "In addition, the new segment reporting will more effectively communicate Solutia's current operating environment and business unit strategy.''
"Over the last few years, we have made great strides in transforming our business into a global speciality chemicals and performance materials company with leading market positions, clear competitive differentiation and attractive growth opportunities,'' said Quinn.
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Press release from Solutia