Solutia acquires $7 million stake in Taiwan firm

The U.S. company says the acquisition will result in greater manufacturing capacity for the production of its Flexvue film components, which are used in solar applications, touch screens and e-readers.

In a statement, it explains: "The acquisition will add state-of-the-art equipment and expand Solutia’s film manufacturing operations into Asia in support of the region’s fast-growing mobile technology and energy markets. The increased manufacturing capacity is slated to be on line in the second half of 2011."