Solutia to Exit Acrylic Fibers Business
Advertisement
Solutia Inc. announced that it will exit the acrylic fibers business, pending approval by the U.S. Bankruptcy Court. The company's plant in Decatur, Ala., will continue to operate as a producer of chemical intermediates for use in nylon products, but will close its acrylic fiber operation in early-to-mid April. This action will impact approximately 250 Solutia employees and 200 contractors, most of whom work at the Decatur plant.
This matter is subject to bankruptcy court approval, and is scheduled to be heard in the U.S. Bankruptcy Court for the Southern District of New York on Feb. 17.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
New route to carbon-neutral fuels from carbon dioxide discovered
Change in the Tecan Board of Directors - Board of Directors Chairman Mike Baronian will not stand for re-election at the ordinary Annual General Meeting 2009
SciQuest Successfully Completes Implementation of Enterprise Reagent Manager to Maximize Research Operations for Eisai Research - Research asset management solution designed to improve Eisai Research Institute's supply chain efficiency
Great Lakes Announces Antimony Oxide Price Increases
Researchers discover particle which could 'cool the planet'
ExxonMobil Celebrates China's Fujian Facility Completion
Direvo and Danisco Collaboration Yields New Industrial Enzyme
Medical use for waste television screens
Chevron Phillips Chemical Names New General Counsel
Crompton Sells Colors Business to Sensient
3-D printing for building densely populated electronic assemblies investigated