Solutia reports strong growth in insoluble sulphur sales

ERJ staff report (DS)

St Louis, Missouri -- In reporting its annual results, Solutia Inc said, "Technical Specialties continues to experience increased demand for Crystex(R) insoluble sulfur from the rubber and tyre industry and continues to make the necessary investments to meet the needs of our strategic partners and customers," said James Voss, executive vice president and chief operating officer.. "In addition, we have continued to maximize the value of our other rubber chemical assets through the strategic divestiture of selected assets, further positioning the segment for long-term success."

The company's Technical Specialties unit includes its Flexsys activity. The unit's fourth quarter 2010 net sales totaled $213 million, an increase of $19 million or 10 percent from the same period in 2009. Adjusted EBITDA remained consistent at $75 million for the fourth quarter of 2010 compared to the prior year. Technical Specialties experienced higher sales volumes, which offset higher raw material costs and increased manufacturing costs.

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Press release from Solutia