Eastman restarts Texas cracker units

24 March 2010 14:03  [Source: ICIS news]

TORONTO (ICIS news)--Eastman Chemical has restarted its two cracking units at Longview, Texas, following their shutdown after a power outage on 20 February, the US chemicals major said on Wednesday.

The restart was in line with Eastman’s earlier announcement that both units would be back online before the end of March, it said.

The crackers have reported capacities of 141,000 tonnes/year and 358,000 tonnes/year, respectively

The company estimated the earnings per share impact from the outage at 20-25 cents (€0.15-0.19) in the first quarter, it said. The impact would be mostly offset by higher than forecasted sales volume and operating margin, it added.

($1 = €0.74)

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By: Stefan Baumgarten
+1 713 525 2653



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