Solutia hikes high-tech film manufacturing capacity in Asia

Solutia headquarters in US.

ST LOUIS, US: Solutia Inc has acquired additional capacity for its high-tech conductive film manufacturing operation in the Asia-Pacific region, continuing the company’s rapid expansion in support of the region’s fast-growing mobile electronics and smart window markets. The additional capacity was acquired from Aimcore Technology Co Ltd, a leading ITO glass manufacturing firm based in Taiwan, for approximately $3.4 million.

The additional capacity will significantly expand the production of Solutia’s Flexvue film components. The increased capacity will be located in Taiwan and is slated to be on line by the fourth quarter of 2011.

“The continuing expansion of the company’s film manufacturing operations has positioned Solutia with the reach and capacity to serve a diverse set of high-growth global niche markets. We are committed to meeting needs of high-tech film market in the Asia-Pacific region and around the globe,” said Craig Ivey, President and General Manager, Performance Films division, Solutia.

The acquisition of additional capacity reflects a continuing commitment to strategic growth initiatives for Solutia’s Performance Films division in the Asia-Pacific region.

© WOC News