Interviews
News Flash
Solutia agrees to buy 51% stake in Vitro plan
29 Nov '05
1 min read
Carpet fiber maker Solutia Inc announced it has reached a definitive agreement with Vitro Plan, S.A. de C.V to purchase Vitro Plan's 51 percent stake in its joint venture with Solutia, known as Quimica M, S.A. de C.V.
As a result, Solutia will become the sole owner of Quimica M. Additionally, Solutia and certain affiliates of Vitro Plan will be entering into agreements under which Solutia will supply those Vitro affiliates with 100 percent of their requirements for Saflex and Vanceva PVB interlayer products.
This purchase and the related transactions are subject to bankruptcy court approval, the approval of the parties' respective boards of directors, and the Mexican Competition Commission.
Click for more details
World's largest producer and seller of PVB interlayers, Solutia is the global leader in PVB innovation, quality and reliability.
When laminated between layers of glass, PVB interlayers greatly enhance the performance characteristics of glass, providing benefits such as security, solar protection, sound attenuation, safety and style.
Laminated glass made with Saflex PVB is used in applications for automobiles and buildings.
In addition to Saflex, Solutia manufactures Vanceva high- performance interlayers, providing customers the world's most innovative portfolio of laminated glass interlayers.
As a result, Solutia will become the sole owner of Quimica M. Additionally, Solutia and certain affiliates of Vitro Plan will be entering into agreements under which Solutia will supply those Vitro affiliates with 100 percent of their requirements for Saflex and Vanceva PVB interlayer products.
This purchase and the related transactions are subject to bankruptcy court approval, the approval of the parties' respective boards of directors, and the Mexican Competition Commission.
Click for more details
World's largest producer and seller of PVB interlayers, Solutia is the global leader in PVB innovation, quality and reliability.
When laminated between layers of glass, PVB interlayers greatly enhance the performance characteristics of glass, providing benefits such as security, solar protection, sound attenuation, safety and style.
Laminated glass made with Saflex PVB is used in applications for automobiles and buildings.
In addition to Saflex, Solutia manufactures Vanceva high- performance interlayers, providing customers the world's most innovative portfolio of laminated glass interlayers.
Solutia Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
