August 18, 2017 4:13 PM ET

Chemicals

Company Overview of Solutia Inc.

Company Overview

Solutia Inc. manufacture performance materials and specialty chemicals used in various consumer and industrial applications. The company’s Advanced Interlayers segment provides polyvinyl butyral (PVB) sheet that is used in the manufacture of laminated glass for automotive and architectural applications, and as an encapsulant in photovoltaic applications primarily under the SAFLEX name; ethyl vinyl acetate films under the VISTASOLAR name for photovoltaic module encapsulation; and specialty intermediate PVB resin and plasticizer products under the BUTVAR name. Its Performance Films segment manufactures solar control, decorative, safety and security window films for aftermarket automotive and a...

575 Maryville Centre Drive

PO Box 66760

St Louis, MO 63141

United States

Founded in 1901

3,400 Employees

Phone:

314-674-1000

Fax:

314-674-1585

Key Executives for Solutia Inc.

President
Age: 49
Secretary
Corporate Controller
Age: 56
Other Professional
Age: 59
Compensation as of Fiscal Year 2017.

Solutia Inc. Key Developments

Pfizer, Solutia and Pharmacia Faces PCB Trial in St. Louis

Monsanto is back in court fighting another lawsuit involving allegations of negligence stemming from its history of PCB production. The firm, along with a trio of associated companies, is being sued in St. Louis County Circuit Court by several people who claim to have developed lymph hematopoietic cancer after being exposed to PCBs, or polychlorinated biphenyls, made by Monsanto. Monsanto was the primary U.S. manufacturer of PCBs from 1929 to 1977. They were used in a range of products, including food packaging and paint, before being banned by Congress in the late 1970s. It is the latest in what is expected to be a series of trials, with the company facing several similar lawsuits in local courts, along with some in California. This particular case is part of a lawsuit that was filed in 2010. After the lawsuit bounced into and out of federal court, the dozen or so plaintiffs were broken into four separate trials as a way of dealing with the large number of plaintiffs. The first trial, which lasted nearly a month, took place this summer, with a St. Louis County jury ruling in Monsanto's favor. The attorneys for plaintiffs say they have no plans to appeal that verdict. The latest trial could wrap up as early as October 2, 2015. The St. Louis County lawsuit accuses Monsanto of continuing to produce PCBs - which are very slow to degrade once released into the environment - even after it knew of the dangers they presented. The original Monsanto Chemical Co. no longer exists, leading to the inclusion of three other companies in the defendant list. They include Solutia, Monsanto's former parent; Pharmacia, which absorbed part of the old Monsanto; and Pfizer, which merged with Pharmacia in 2003. The current Monsanto is responsible for the legacy chemical claims related to PCBs, though the company has worked to put distance between the past and its modern role in agriculture.

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