09 March 2009 21:56 [Source: ICIS news]
“These are challenging times for our industry, and large capital projects such as this one are obviously not immune,” Eastman spokesperson Tracy Broadwater said. “We continue to monitor the many elements of the project and will continue to make judgments about the pace and path forward of the project as conditions warrant.”
Eastman said it currently anticipates completing the front-end engineering and design process for the ?xml:namespace>
Eastman said it did not anticipate having to close any of its plants despite the company's plan to cut spending and hold its capacity utilisation rate to between 75-80% for the remainder of 2009.
($1 = €0.79)
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