Solutia Inc. announced that the company's Saflex(R) Polyvinyl Butyral (PVB) products will be subject to a price increase effective December 15, 2010. Prices for currently contracted business will be adjusted as individual contracts come due. The price increase will range from 6% to 10% throughout the Saflex portfolio.
According to Rick Calk, vice president of commercial operations for Solutia's Advanced Interlayers division, the price increases are necessary as Solutia continues to invest in the Saflex business. "As a leading supplier of PVB interlayer and EVA for solar applications, we are fully committed to meeting the current and future needs of our customers. We have recently made several significant investments in this business to ensure stable supply of quality, high performance products around the world and we will continue to do so in the future."
"Despite facing increases in both energy and processing materials costs, I am proud of Solutia's efforts to improve production efficiency and boost capacity," says Dirk Duquet, Solutia's vice president, operations. "These investments have partially offset increased production costs and have allowed us to keep this price increase to a minimum."