Eastman to grow by making film for LCD screens

11 June 2007 21:07  [Source: ICIS news]

HOUSTON (ICIS news)--The chief executive of Eastman Chemical said on Monday that the company expects to supply more cellulose plastic film to the manufacturers of liquid-crystal displays.

Currently, one film manufacturer dominates much of the market, said Brian Ferguson, chief executive. Ferguson made his comments before JP Morgan Securities.

To avoid reliance on one supplier, display manufacturers are searching for other film suppliers, he said. "We have basically been invited in by many manufacturers."

Ferguson predicts that the company's film revenue should reach $90m (€68m) by 2009, double its expectations for 2007. Moreover, the company will achieve operating margins of 10-15%

($1 = €0.75)

By: Al Greenwood
+1 713 525 2653

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