Solutia to Build Skydrol Production Unit at Anniston
Wednesday March 2, 12:23 pm ET
New State-of-the-Art Facility to Bolster Solutia's Global Leadership Position in Fire-Resistant Aviation Hydraulic Fluids
ST. LOUIS, March 2 /PRNewswire-FirstCall/ -- Solutia Inc. today announced that it will construct a new, state-of-the-art facility for the production of its Skydrol aviation hydraulic fluids and SkyKleen aviation cleaning solvents at the company's Anniston, Ala., plant. The new manufacturing unit is scheduled to be operational in late 2005 or early 2006.
"Solutia's investment in this new facility reflects our commitment to providing customers with the latest production and packaging technology available," said Dale Kline, global business director, Specialty Fluids, Solutia Inc. "And, because the Anniston plant specializes in the manufacture, distribution and technical support of specialty fluids, it is very well suited to meet the needs of our Skydrol customers."
Solutia's Anniston plant manufactures Therminol, the world's leading brand of high-temperature synthetic heat transfer fluids, as well as HB-40 polymer modifier and other specialty fluids. The plant also is home to a world-class fluid testing lab, as well as Solutia's Southeastern Regional Distribution Center, which regularly handles fluids that have storage and transportation needs similar to those of Skydrol. Overall, the plant employs about 60 people.
The Solutia Anniston plant's quality system is certified to ISO 9001:2000, and it has an exemplary track record in terms of customer satisfaction and on- time-delivery. In addition, the Anniston plant has been recognized by the U.S. Occupational Safety and Health Administration (OSHA) as a Voluntary Protection Program (VPP) Star Site, which is the agency's highest designation for outstanding voluntary employee safety and health programs.
Solutia's manufacturing presence for Skydrol and SkyKleen is currently located at the company's J.F. Queeny plant in St. Louis. Solutia announced in December 2004 it will exit the Queeny plant in late 2005 or early 2006 because the plant is no longer economically viable. No other Solutia products are manufactured at the Queeny plant.
Skydrol is the world's most advanced line of aviation hydraulic fluids, which are approved by all airframe manufacturers specifying fire-resistant hydraulic fluids. It has been part of the commercial aviation industry's commitment to safety and reliability for fire resistance and excellence in performance for over 50 years.
For more information about Skydrol, call 1-800-260-4150, visit http://www.skydrol.com or send a request on company letterhead to Solutia Inc., Skydrol-2S, P.O. Box 66760, St. Louis, MO, 63166; or to Solutia Europe S.A./N.V., Customer Service Centre, Rue Laid Burniat 3, B-1348 Louvain-la- Neuve (Sud), Belgium.
Forward Looking Statement
This press release contains forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by the forward looking statements. Assumptions and other important factors that could cause our actual results to differ materially from those anticipated in our forward-looking statements include, among other things: (i) the ability of Solutia to develop, prosecute, confirm and consummate one or more Chapter 11 plans of reorganization; (ii) the potential adverse impact of the Chapter 11 filing on Solutia's operations, management and employees, and the risks associated with operating businesses under Chapter 11 protection; (iii) the ability of Solutia to comply with the terms of the DIP financing facility; (iv) world economic conditions, competitive pressures, gain or loss of significant customers, labor relations and disruption of operations, raw material and energy costs, currency and interest rate fluctuations, success in implementing pricing actions and managing spending, operating rates, cost of debt, environmental compliance and remediation and other factors; (v) customer response to the Chapter 11 filing; and (vi) the risk factors or uncertainties listed from time to time in Solutia's filings with the Securities and Exchange Commission and with the U.S. Bankruptcy Court in connection with the Company's Chapter 11 filing. Other factors and assumptions not identified above are also relevant to the forward-looking statements, and if they prove incorrect, could also cause actual results to differ materially from those projected.
Solutia ( http://www.Solutia.com ) uses world-class skills in applied chemistry to create value-added solutions for customers, whose products improve the lives of consumers every day. Solutia is a world leader in performance films for laminated safety glass and after-market applications; process development and scale-up services for pharmaceutical fine chemicals; specialties such as water treatment chemicals, heat transfer fluids and aviation hydraulic fluid and an integrated family of nylon products including high-performance polymers and fibers.
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