Solutia to expand Asian manufacturing capacity

Solutia’s will increase performance films manufacturing capacity in Asia with the asset purchase of Taiwan-based conductive film manufacturer Aimcore Technology.

The US$7 million deal will also allow Solutia to multiply its Flexvue film component production. The escalation in Solutia’s production capacity is anticipated to be on-line during the second half of 2011.

"This acquisition will strengthen Solutia's position at the forefront of the high-technology electronic films market and bolster the company's ability to meet growing demand for our products in the Asia-Pacific region," said Jeffry N. Quinn, chairman, president and chief executive officer of Solutia. "Solutia continues to execute its clearly charted strategy of using bolt-on acquisitions to support the growth of our existing businesses, focusing on high-value specialty materials and high-growth markets."