Flexsys margins hit 39 percent

ERJ staff report (DS)

St. Louis, Missouri — In announcing record Q2 results, Solutia highlighted progress made in its Flexsys business. Jim Voss executive vice-president and coo said progress at the Flexsys business demonstrates Solutia’s ability to re-structure a business to extract maximum value. Flexsys operaties within the Technical Specialities (TS) unit at Solutia.

Voss said the TS unit is now oprerating at margins (EBITDA) of 39 percent, up from 20 percent when Solutia acquired the business in 2007. Sales reached $811 million in 2010, even though…

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