Solutia Reports No Injuries and No Damages in Japan Earthquake
ST. LOUIS, Mar. 14, 2011 /PRNewswire-AsiaNet/ —
HOLD UNTIL 14/03/2011 08:30 NEW YORK TIME
Solutia Inc. (NYSE: SOA), reports that no one was injured at the company’s facility in Kashima, Japan during Friday’s earthquake, which was centered about 250 kilometers from Kashima. Employees of Solutia’s Tokyo office also were safe after the quake.
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Solutia confirmed the safety of all employees and their families in the region over the weekend, and the company is working to assess and support their needs during this tragedy.
No damages were reported at Solutia’s manufacturing facility in Kashima. The facility lost power during the quake, and operations there have been temporarily suspended. Solutia’s other sites in Asia and around the globe remain fully operational and were not threatened by Friday’s earthquake or subsequent tsunami advisories.
The Kashima facility is supplied with a sufficient amount of inventory to support current commitments during this period, especially because it was preparing for a scheduled turnaround that required additional stored inventory. Overall, Japan accounts for about 4 percent of Solutia’s revenue.
The company’s main concern remains the safety of its employees, their families and our facilities. Solutia continues to work to support our personnel, operations, colleagues and friends in Japan during this time.
Notes to Editor: SOLUTIA and the Radiance Logo(TM) and all other trademarks listed below are trademarks of Solutia Inc. and/or its affiliates.
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex(R) polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR(R) ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar(R), Vista(TM), EnerLogic(TM), FormulaOne(R), Gila(R), V-KOOL(R), Huper Optik(R), IQue(TM), Sun-X(R) and Nanolux(TM) aftermarket performance films for automotive and architectural applications; Flexvue(TM) advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex(R) insoluble sulfur, Santoflex(R) PPD antidegradants, Therminol(R) heat transfer fluids and Skydrol(R) aviation hydraulic fluids. Solutia’s businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 worldwide locations. More information is available at http://www.Solutia.com.
SOURCE Solutia Inc.
CONTACT: Media, Erin Walsh, +1-314-674-1434, Investors, Susannah
Livingston, +1-314-674-8914, both of Solutia Inc.