ERJ staff report (DS)
St. Louis, Missouri - Solutia Inc. said its Flexsys subsidiary is, â€œdeveloping plans for
a major new [insoluble sulphur] capacity addition in Asia,â€ to serve growing market demand. The company did not add further details.
At a presentation to publish first-half results, James Voss, Solutia's Executive Vice President and Chief Operating Officer, said, â€œTechnical Specialties has experienced increased demand, and Solutia remains confident in the growth of the Crystex business.â€
He did not mention the company's other rubber additives, except to mention a $38 million charge associated with the previously announced closure of its Primary Accelerators operation
The company recently lost its long-running dispute with Sinorgchem over intellectual property related to PPD materials.
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Press release from Solutia