Solutia declares ‘force majeure’ on nylon products
US-based Solutia Inc., a manufacturer and provider of performance films, specialty chemicals and an integrated family of nylon products, has announced that it has recently declared force majeure for certain products within its integrated nylon division due to the impact of Hurricane Rita.
According to the company, Hurricane Rita has caused raw material and utility supply limitations, and some of Solutia's suppliers have declared force majeure. And as a result of these supply limitations, Solutia is allocating available supply of certain products during the force majeure period.
Solutia has contacted customers and is actively managing the situation to mitigate the effects of this interruption in supply on its operations and customer deliveries. However, the duration of the force majeure period and the potential financial impact of this situation on the company are unknown at this time.