8-K

                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D. C. 20549

                                  FORM 8-K

                               CURRENT REPORT
   PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 6, 2006 (MARCH 1, 2006)

                                SOLUTIA INC.
                                ------------
           (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                                  DELAWARE
                                  --------
                          (STATE OF INCORPORATION)

           001-13255                               43-1781797
           ---------                               ----------
           (COMMISSION                             (IRS EMPLOYER
           FILE NUMBER)                            IDENTIFICATION NO.)



575 MARYVILLE CENTRE DRIVE, P.O. BOX 66760, ST. LOUIS, MISSOURI     63166-6760
- ---------------------------------------------------------------     ----------
           (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                 (ZIP CODE)



                               (314) 674-1000
                               --------------
             REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE

            Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))








ITEM 2.01.  ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

As previously reported, on December 17, 2003 Solutia Inc. ("Solutia") and
its 14 U.S. subsidiaries filed voluntary petitions for reorganization under
Chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the U.S.
Bankruptcy Court for the Southern District of New York (the "Court"). The
cases were consolidated for the purpose of joint administration and were
assigned case number 03-17949 (PCB). Solutia's subsidiaries outside the
United States were not included in the Chapter 11 filing.

On December 21, 2005, Solutia announced that it had received Bankruptcy
Court approval of Solutia's entry into a Stock Purchase Agreement, dated as
of November 23, 2005 (the "Purchase Agreement"), by and between Solutia,
Vitro S.A. de C.V., a corporation organized under the laws of Mexico
("Vitro"), and Vitro Plan S.A. de C.V., a corporation organized under the
laws of Mexico and an affiliate of Vitro ("Vitro Plan"). The acquisition
pursuant to the Purchase Agreement was completed on March 1, 2006 (the
"Closing").

Pursuant to the Purchase Agreement, Solutia acquired Vitro Plan's 51%
ownership interest (the "Purchased Interest") in Quimica M, S.A. de C.V.
("Quimica"), Solutia's joint venture with Vitro Plan in the production of
polyvinyl butyral interlayer material ("PVB Sheet"). The acquisition makes
Solutia the sole owner of Quimica. The purchase price for the Purchased
Interest was approximately $20 million.

In connection with the Closing, Solutia also entered into a Land Purchase
Agreement with Vitro's affiliate Vidrio Plano, S.A. de C.V. (the "Land
Purchase Agreement"), and Quimica entered into supply agreements for PVB
Sheet (the "Supply Agreements") with certain affiliates of Vitro. The Land
Purchase Agreement provides for the acquisition by Quimica of certain land
and water rights adjacent to the Quimica facility in Puebla, Mexico from
Vidrio Plano, S.A de C.V. for a purchase price of $400,000. The Supply
Agreements are between Quimica and, respectively, Vitro Automotriz, S.A. de
C.V. and Vitro Flex, S.A. de C.V.

The description of the Purchase Agreement contained herein sets forth a
brief summary of certain terms of the Purchase Agreement that may be
material to Solutia. However, the description does not purport to be
complete and is qualified in its entirety by reference to the specific terms
of the Purchase Agreement, a copy of which was attached as Exhibit 10.1 to
Solutia's Form 8-K filed on December 21, 2005.

ITEM 7.01 REGULATION FD DISCLOSURE

On March 2, 2006, Solutia issued a press release announcing the completion
of its acquisition of Quimica pursuant to the Purchase Agreement. The press
release is attached as Exhibit 99.1 hereto.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits:

Exhibit Number      Description
- --------------      -----------

     99.1           March 2, 2006 Press Release announcing the completion of
                    Solutia's acquisition of interests in Quimica M, S.A.
                    de C.V.







                                 SIGNATURES

PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.

                                SOLUTIA INC.
                                ------------------------------------------
                                (Registrant)

                                /s/ Rosemary L. Klein
                                ---------------------
                                Senior Vice President, General Counsel and
                                Secretary

DATE: MARCH 6, 2006

EX-99.1 CHARTER

                                                                Exhibit 99.1

[Solutia logo]                        NEWS

                                              SOLUTIA INC.
                                              575 Maryville Centre Drive
                                              St. Louis, Missouri 63141

                                              P.O. Box 66760
                                              St. Louis, Missouri 63166-6760


  FOR IMMEDIATE RELEASE
- ----------------------------------------------------------------------------

                                     MEDIA: Dan Jenkins (314) 674-8552
                                     INVESTORS: Tim Spihlman (314) 674-5206



                        SOLUTIA COMPLETES BUY OUT OF
                        MEXICAN JOINT VENTURE PARTNER

 SOLE OWNERSHIP OF PUEBLA PLANT WILL HELP MEET INCREASING GLOBAL DEMAND FOR
  SOLUTIA PVB INTERLAYERS USED IN AUTOMOTIVE AND ARCHITECTURAL APPLICATIONS

ST. LOUIS AND PUEBLA, MEXICO - MARCH 2, 2006 - Solutia Inc. (OTCBB: SOLUQ),
the world leader in the production and sale of polyvinyl butyral (PVB)
interlayers, today announced it has completed its purchase of Vitro Plan,
S.A. de C.V.'s 51 percent stake in Vitro Plan's joint venture with Solutia,
known as Quimica M, S.A. de C.V. As a result, Solutia is now the sole owner
of Quimica M. Additionally, Solutia and certain affiliates of Vitro Plan
have entered into agreements under which Solutia will supply those Vitro
Plan affiliates with their requirements for Saflex(R) and Vanceva(R) PVB
interlayer products. Both the purchase and supply agreements became
effective March 1.

         With its buyout of Vitro Plan, Solutia is the sole owner and
operator of the Quimica M PVB interlayer plant in Puebla, Mexico. These
interlayers are used by major glass producers such as Vitro to make
laminated glass for use in automobiles and buildings.





         "This acquisition reflects our commitment to meet the growing
global demand for our Saflex and Vanceva PVB interlayers. The Puebla plant
will now make PVB interlayers not only for Vitro Plan and other valued
Mexican customers, but also for our customers around the world," said Luc De
Temmerman, president of Solutia's Performance Products Division. "The Puebla
plant produces world-class products from a very competitive cost position.
Therefore, we have plans to invest in new capacity as well as additional
capabilities, which will enable us to begin manufacturing new products that
are on the leading edge of technological development."

         Jeffry N. Quinn, chairman, president and CEO, added, "We are
relying on our Laminated Glazing Interlayers (LGI) business to generate
significant profitable revenue growth for Solutia, both now and well into
the future. This acquisition, in combination with the new PVB interlayer
plant we are building in Suzhou, China, demonstrates our ongoing commitment
to realizing this potential."

         The Puebla plant operates state-of-the-art PVB interlayer
manufacturing lines using the same Solutia technology used at other Solutia
production sites. In addition to the Puebla plant, Solutia's LGI business
manufactures PVB interlayers at Ghent, Belgium; Sao Jose Dos Campos, Brazil;
Springfield, Mass., USA; and Trenton, Mich., USA. It also has a PVB
finishing center, distribution center and regional customer service center
in Singapore. The company's newest PVB interlayer plant, being constructed
in Suzhou, China, is scheduled to begin production in mid 2007.

         In addition to being the world's largest producer and seller of PVB
interlayers, Solutia is the global leader in PVB innovation, quality and
reliability. When laminated between layers of glass, PVB interlayers greatly
enhance the performance characteristics of glass, providing benefits such as

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security, solar protection, sound attenuation, safety and style. Laminated
glass made with Saflex PVB is used in applications for automobiles and
buildings. In addition to Saflex, Solutia manufactures Vanceva
high-performance interlayers, providing customers the world's most
innovative portfolio of laminated glass interlayers.

         For more information about Solutia's LGI products, visit:
http://www.solutiaautomotive.com, http://www.saflex.com and
http://www.vanceva.com.

                                    # # #

NOTES TO EDITOR:

     o   Saflex and Vanceva are registered trademarks of Solutia Inc.
     o   Interviews are available with Luc De Temmerman, president of
         Solutia's Performance Products Division, by contacting Dan Jenkins
         at (314) 674-8552.

FORWARD LOOKING STATEMENTS

         This press release may contain forward-looking statements, which
can be identified by the use of words such as "believes," "expects," "may,"
"will," "intends," "plans," "estimates" or "anticipates," or other
comparable terminology, or by discussions of strategy, plans or intentions.
These statements are based on management's current expectations and
assumptions about the industries in which Solutia operates. Forward-looking
statements are not guarantees of future performance and are subject to
significant risks and uncertainties that may cause actual results or
achievements to be materially different from the future results or
achievements expressed or implied by the forward-looking statements. These
risks and uncertainties include, but are not limited to, those described in
Solutia's most recent Annual Report on Form 10-K, under "Cautionary
Statement About Forward-Looking Statements," Solutia's quarterly reports on
Form 10-Q, and in filings with the U.S. Bankruptcy Court in connection with
the Chapter 11 case of Solutia Inc. and 14 of its U.S. subsidiaries. These
reports and filings can be accessed through the "Reorganization" and
"Investors" sections of Solutia's website at www.solutia.com. Solutia
disclaims any intent or obligation to update or revise any forward-looking
statements in response to new information, unforeseen events, changed
circumstances or any other occurrence.

CORPORATE PROFILE

         Solutia (http://www.Solutia.com) uses world-class skills in applied
chemistry to create value-added solutions for customers, whose products
improve the lives of consumers every day. Solutia is a world leader in
performance films for laminated safety glass and after-market applications;
process development and scale-up services for pharmaceutical fine chemicals;
specialties such as water treatment chemicals, heat transfer fluids and
aviation hydraulic fluid and an integrated family of nylon products
including high-performance polymers and fibers.
Solutia ... Solutions for a Better Life.

SOURCE: SOLUTIA INC.
ST. LOUIS AND PUEBLA, MEXICO
3/2/06

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