Solutia ownership move

13 March 2006 00:00  [Source: ICB]

Solutia has taken full ownership of Quimica M, its Mexican polyvinyl butyral (PVB) joint venture. As well as buying out Vitro Plan’s 51% stake, Solutia has made agreements with certain affiliates of Vitro Plan to supply PVB interlayer products.

Both the purchase and supply agreements became effective 1 March.

Quimica M operates a PVB interlayer plant in Puebla, Mexico, constructed in 1995. The output is used to make laminated glass for application in automobiles and buildings. In future, the facility will supply customers throughout Mexico and globally.

 

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