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Solutia Expects Higher Third-Quarter Ebitda

11:09 AM MDT | October 20, 2008 | Nancy Seewald

Solutia says it expects third-quarter Ebitda from continuing operations, which includes Saflex, technical specialties, and CPFilms, of $111 million, up 46% compared from the year-ago period. Sales are expected to grow 29%, to $587 million. The company cites “volume, price, and manufacturing improvements.” Its nylon business, which will be reported as a discontinued operation, is expected to post a loss of $5 million, on sales of $506 million. Solutia cites the effects of Hurricane Ike as well as deteriorating markets in nylon intermediates and nylon...

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