Solutia said Wednesday it plans to once again expand its operations at its plant in Suzhou, China, to meet growing demand for solar panel parts.
The company said it would add production lines for its Vistasolar ethylene vinyl acetate (EVA) encapsulants by late 2011. The encapsulants are made to protect solar panels in harsh outdoor environments, including rain and humidity, which can reduce solar panel efficiency or shorten their life spans, according to Solutia. Encapsulants also are used in laminated glass in automotive and architectural applications.
The expansion at the Suzhou, China, plant follows an earlier one announced this past spring for the same plant to expand the company's operations for making polyvinyl butyral (PVB) interlayer for laminated glass for the automotive, architectural and solar markets in Asia.
Solutia declined to disclose its investments for both investments in the plant.
St. Louis-based Solutia Inc. (NYSE: SOA) develops specialty chemicals, fibers, fluids and other performance products. Almost three years after exiting bankruptcy, the company led by Chairman, President and Chief Executive Jeffry Quinn, has found the right mix for profitability following a pair of acquisitions for $367 million, the sale of some of its discontinued business units and a new global brand identity, helping generate a profit of $48 million in its most recent quarter.(St. Louis Business Journal). Louis-based Solutia Inc. (NYSE: SOA) develops specialty chemicals,
fibers, fluids and other performance products. Almost three years after
exiting bankruptcy, the company led by Chairman, President and Chief
Executive Jeffry Quinn, has found the right mix for profitability following
a pair of acquisitions for $367 million, the sale of some of its discontinued
business units and a new global brand identity, helping generate a profit of
$48 million in its most recent quarter.
(St. Louis Business Journal)
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