ST. LOUIS (AP) -- Chemical maker Solutia Inc. said Monday it hired HSBC Securities Inc. to explore strategic alternatives for its nylon business, including a possible sale.
The company said it plans to focus on its high-margin specialty chemical and performance materials business.
In 2007, the nylon business was responsible for about 51 percent of Solutia's total revenue, but the segment has been facing higher raw material costs, only partly offset by higher selling prices.
