Solstice to Invest $49 Million to Bolster R&D Capabilities at New York Facility

MT newswire2026/10/09 16:09

12:09 PM EDT, 10/09/2026 (MT Newswires) -- Solstice Advanced Materials (SOLS) said Friday it plans to invest $49 million to expand research and development capabilities at its Buffalo, New York facility. The investment will be used to establish a new innovation platform, with upgrades that will include expanded capabilities for refrigerant and thermal management research and enhanced toxicological testing, the company said. Solstice said the investment is supported by up to $1.4 million in performance-based tax credits from New York State. Shares of the company were up 0.8% in Friday trading. Price: 60.58, Change: +0.35, Percent Change: +0.57

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