Solutia
 |
|
| Subsidiary | |
| Industry | Chemical industry |
| Founded | 1997 |
| Headquarters | Town and Country, Missouri |
|
Area served
|
Worldwide |
|
Key people
|
Jeffry Quinn (Chairman, President, and CEO) |
| Products | Specialty chemicals |
|
Number of employees
|
~3400 |
| Parent | Eastman Chemical Company |
| Website | www.solutia.com |
Solutia Inc. is a global manufacturer of performance materials and specialty chemicals including polyvinyl butyral (PVB), ethylene vinyl acetate (EVA), and thermoplastic polyurethane (TPU) interlayers for laminated glass, aftermarket window films, protective barrier and conductive films, and rubber processing chemicals, used in architectural, automotive, alternative energy, electronic devices, consumer and industrial applications. The company was formed on September 1, 1997, as a divestiture of the Monsanto Company chemical business. In July 2012, the company was acquired by Eastman Chemical Company.
Solutia's worldwide headquarters are located in Town and Country, Missouri, United States, with regional headquarters located in Louvain-la-Neuve, Belgium; São Paulo, Brazil; and Shanghai, China.
Solutia is currently known as the world's leading manufacturer of PVB, EVA, and TPU interlayers, custom-coated window and performance films, and chemicals for the rubber industry. In 2009, the company completed the sale of its nylon division, with closure of the sale in the second quarter 2009. In 2010, the company purchased Etimex-Solar and Novomatrix, further enhancing its portfolio of interlayer and film products.
Solutia was bought by Eastman Chemical Company in 2012 for $4.8 billion.
The company was formed on September 1, 1997, as a divestiture of the Monsanto Company chemical business. Solutia filed for bankruptcy on December 17, 2003, in response to significant litigation surrounding various products, unsustainable debt structure, and a downturn in the economy. Solutia emerged from bankruptcy on February 28, 2008.
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