Solutia grows Q3 sales

Share

The Advanced Interlayers business segment, which supplies the photovoltaic industry, was the driver of the sales and earnings growth with a seven percent sales increase. Earnings from this business segment were negatively impacted by higher raw material costs. Sales of USD$227 million were reported for Q3 2011.

In overall figures, Solutia reported sales of $519 million, bringing nine-month net sales to $1.57 billion, and eight percent increase from the same period in 2010.

The Performance Films and Technical Specialties business segments did not perform as strongly as the Advanced Interlayers segment, reporting a one percent increase and three percent decrease in net sales, year-on-year, in Q3.

In a statement announcing the results, Solutia Chairman, President and CEO said that geographic and end market diversity helped the company grow earnings in the face of higher raw material costs.

"We continue to adapt to the dynamics of today's slower global economic environment, seizing opportunities in emerging markets, closely controlling discretionary spending and positioning Solutia for sustainable earnings growth."

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

U.S. startup offers meter socket adapter that simplifies solar, battery, EV charging connection

04 December 2024 ConnectDER has secured $35 million in Series D funding to support its meter socket adapter (MSA) business, which integrates solar, storage, EV chargin...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.