Solutia Raises Prices for Saflex(R) and Vanceva(R) PVB Films
Solutia Inc. announced it will increase the price of its Saflex(R) and Vanceva(R) brand PVB films by up to 10 percent globally, effective Oct. 1, 2005. The increase will apply for any shipment quantities not covered by existing agreements and for new supply contracts.
This price increase comes as a result of 10-30 percent upsurges in major raw material, energy and transportation costs. These costs are forecasted to remain at or above these high and unprecedented levels.
This price increase is set against a background of continuing growth in global demand for PVB films, which is driven by increased adoption of laminated glass in both automotive and architectural applications, especially in China. This increased demand is accelerating the need to invest in new capacity to assure reliable supply and to meet customers' future needs.
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