11/25/2009 - Solutia Inc. (NYSE:SOA) announced it will discontinue manufacturing at its plant in Germany, effective as soon as practical for the company. Taminco N.V. will acquire certain assets and assume certain contracts and commercial obligations relating to the tetramethylthiuram disulfide (TMTD) and tetraethylthiuram disulfide (TETD) products. Under the terms, Solutia will continue to produce TMTD and TETD for Taminco during the transition period. Solutia's Technical Specialties president and general manager Mike Donnelly said, "Due to the emergence of lower cost competition, the TMTD and TETD products manufactured by Solutia at Cologne are no longer competitive on a global scale. This decision is consistent with Solutia's strategy to strengthen core businesses that are market leaders with attractive margins and a presence that spans the globe. We will work to ensure the employees impacted by this change are treated fairly, and will help customers transition to a new supply arrangement with Taminco."

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