Solutia Discontinuing Manufacturing At German Plant (NYSE:SOA)
SOA | Quote | Chart | News | PowerRating -- 11/25/2009 - Solutia Inc. (NYSE:SOA) announced it will discontinue manufacturing at its plant in Germany, effective as soon as practical for the company. Taminco N.V. will acquire certain assets and assume certain contracts and commercial obligations relating to the tetramethylthiuram disulfide (TMTD) and tetraethylthiuram disulfide (TETD) products. Under the terms, Solutia will continue to produce TMTD and TETD for Taminco during the transition period. Solutia's Technical Specialties president and general manager Mike Donnelly said, "Due to the emergence of lower cost competition, the TMTD and TETD products manufactured by Solutia at Cologne are no longer competitive on a global scale. This decision is consistent with Solutia's strategy to strengthen core businesses that are market leaders with attractive margins and a presence that spans the globe. We will work to ensure the employees impacted by this change are treated fairly, and will help customers transition to a new supply arrangement with Taminco."
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
For full details on Solutia Inc. (SOA) SOA. Solutia Inc. (SOA) has Short Term PowerRatings at TradingMarkets. Details on Solutia Inc. (SOA) Short Term PowerRatings is available at This Link.
- Buyers Accumulate Shares of Solutia, Up 2.7% (SOA) - 02/08/10
- Solutia to Present at Deutsche Bank Small and Mid Cap Conference - 02/03/10
- SmarTrend Detects Continued Buying Pressure in Shares of Solutia (SOA) - 02/02/10
- Zacks Releases Four Powerful ''Buy'' Stocks: Solutia Inc., Olin Corporation, Parker Hannifin Corp. and TRW Automotive Holdings C - 01/29/10
- Innovative Exterior Films Improve Windows Outside and In - 01/29/10
- More News >>


