Solutia announces impact of storm-related plant outage

Date: 5 September 2002
Source: Solutia

Date: 5 September 2002

Solutia Inc. announced today that a recent severe storm and flooding in the Houston area required the company to temporarily shut down its Integrated Nylon facility in Alvin, Texas.

John Saucier, vice president and general manager, Integrated Nylon, noted, "Solutia expects the earnings impact for the third quarter to be in the range of $.04 to $.06 per share. We are in the process of starting up equipment and expect to have the plant operational by the end of the week." This earnings impact includes lost margin on sales as well as incremental costs to repair and restart the plant.

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