Solutia raises prices for PVB films

Leading PVB films supplier Solutia Inc., is to increase the price of its Saflex(R) and Vanceva(R) brand PVB films by up to 10% globally, effective 1 October 2005. The increase will apply for any shipm…

Leading PVB films supplier Solutia Inc., is to increase the price of its Saflex(R) and Vanceva(R) brand PVB films by up to 10% globally, effective 1 October 2005. The increase will apply for any shipment quantities not covered by existing agreements and for new supply contracts. The price increase comes as a result of 10-30% rises in major raw material, energy and transportation costs. Solutia said these costs are forecast to remain at or above these high and unprecedented levels. “To help mitigate rising raw material, energy and transportation costs, we continue to reduce other costs, increase manufacturing productivity and work with customers to reduce “total system costs“ for mutual benefits,” said Mitch Pulwer, General Manager of Solutia“s Laminated Glazing Interlayers (LGI) business. “In addition, by announcing the price increase at this time, we allow customers the opportunity to budget accordingly in their annual planning processes. This is an unusual time with the extraordinarily high price of oil, a barometer of the current issues our industry faces. Regardless, Solutia will continue to serve our customers with the highest quality products and the best customer service and support.” The company says the 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.