ST. LOUIS, July 11, 2008 (PRIME NEWSWIRE) -- Solutia Inc. (NYSE:SOA) has announced a global price increase of up to 30% for its full line of Skydrol aviation hydraulic fluids. This increase will vary by product, packaging, world area and currency of sale, and applies to orders shipped on or after July 26, 2008, for all non-contract customers and where contracts allow.
"Solutia remains committed to offering the highest quality aviation fluid products, supported by unparalleled technical and customer service, that offer the best total value to our customers," said Dale Kline, global commercial director, Specialty Fluids, Solutia Inc. "As a recognized leader in aviation hydraulic fluids for 60 years, Solutia has an obligation to continue to invest in new fluid development and improvements in manufacturing efficiency and capability in order to meet the ever-changing needs of the commercial aviation industry. In addition, given the continued escalation in the cost of energy and raw materials, price increases such as those announced are also unavoidable.
"We are also changing Incoterms from CPT (delivered) to FCA (freight collect or freight pre-paid and add), in Anniston, AL. Given the unprecedented increase in transportation and distribution costs we are experiencing, this change in Incoterms is necessary at this time."
Solutia is a world leader in aviation hydraulic fluids, providing 60 years of excellence in technical support, customer service, performance and innovation. For more information on Skydrol, call 1-800-426-2463, visit www.skydrol.com or send a request on company letterhead to Solutia Inc., Skydrol -3S, P.O. Box 66760, St. Louis, Missouri, 63166, USA.
Skydrol is a registered trademark of Solutia Inc.