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| Expanding capacity to support strong global demand |
Kingsport, Tenn., USA, July 31, 2013 - (ACN Newswire) - Today, Eastman Chemical Company (NYSE:EMN) announces plans to increase Tritan(TM) capacity at its Kingsport, Tenn. facility. Through a series of capital projects, the company plans to expand its capacity from 60 thousand metric tons to 76 thousand metric tons to meet increasing demand for the material. The projects are expected to be completed by mid-2014.
"Eastman continues to experience strong global demand for Tritan," said Lucian Boldea, vice president and general manager of Advanced Materials-Specialty Plastics at Eastman. "We are gaining traction in markets such as medical, durable goods and infant care. This investment in Tritan will allow us to maintain our position as the global market leader in copolyesters, and we will continue to evaluate options for more significant expansions in the future."
Eastman Tritan(TM) is a new-generation copolyester that provides a balance of properties, including toughness, dishwasher durability and superior clarity. Since its launch in 2007, Tritan has been the material of choice for more than 600 food contact products ranging from serving and storing items to reusable sports bottles, infant care products and small appliances.
For more information about Eastman Tritan(TM) copolyester, visit www.eastman.com/tritan .
Eastman is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in approximately 100 countries and had 2012 pro forma combined revenues, giving effect to the Solutia acquisition, of approximately $9.1 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,000 people around the world.
For more information, visit www.eastman.com .
Contact:
Media: Maranda Demuth
+1-423-229-6135/ mdemuth@eastman.com
Investors: Greg Riddle
+1-212-835-1620 / griddle@eastman.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Thomson Reuters ONE
Topic: Press release summary
Source: Eastman Chemical Company
http://www.acnnewswire.com
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