Solutia Inc. uses its world-class skills and innovation to create solutions that improve the lives of consumers every day. With annual revenue of approximately $3.8 billion, it employs about 6,000 people around the world. Solutia’s materials are used primarily in the construction, transportation and manufacturing markets. Solutia’s brands are dedicated to enhancing comfort, durability and beauty, safety, security and energy efficiency vital to an evolving world.
Solutia has greatly exceeded $100 million in savings from its project work with Maine Pointe across its many divisions. Be sure to check out how Maine Pointe helped in its other divisions (CP Films / Flexsys / Saflex ), as well as in the two case studies below. Improvements with rail providers significantly reduced Solutia's costs and improves transit times from 8 days, down to 1.
Maine Pointe's work helped to improve EBITDA by $15 million and save $45 million by reducing transportation costs by 17%. Solutia gained $5 million in capital investments from servcie providers, and achieved a $30 million decrease in working capital requriements by way of a 15% inventory reduction. Furthermore, training of over 450 company leaders served as the foundation for enabling Solutia to emerge from Chapter 11.