Solutia Says Talks Underway for Nylon Business

St. Louis, MO, March 9, 2009--Solutia maintained its earnings guidance and said the sale of its nylon business could come soon.

Solutia expects a profit of $325 million to $350 million from continuing operations this year, before interest, taxes, depreciation and amortization costs. It is reporting the nylon operation as a discontinued business.

CEO Jeffrey Quinn said the company is still pursuing strategic options for its nylon business. He said the company is in discussion with multiple partners about a potential sale by the end of March.