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Solutia Closes Flexsys Facility in U.K.

12:18 PM MDT | May 27, 2008 | Chemical Week Editorial Staff

Solutia says that its Flexsys subsidiary will cease production at its Ruabon, U.K. facility by year-end and completely exit the site by the end of 2011. Media reports say the shut down will result in about 150 job cuts. “This action is part of our strategy to strengthen the profitable, market-leading positions that Flexsys holds across most of its portfolio, while taking steps to limit our exposure in smaller product lines where Flexsys is no longer cost competitive,” says Jim Voss, president of Flexsys and senior v.p. of Solutia. “Our Ruabon...

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