14 April 2010 09:47 [Source: ICIS news]
SHANGHAI (ICIS news)--Eastman Chemical plans to speed up its growth in China through mergers and acquisitions (M&A), the company’s CEO said in Shanghai on Wednesday.
“Globally we aim at 20% profit growth in the next three years until 2012,” said Eastman CEO James Rogers. “?xml:namespace>
Earlier in the year, Eastman announced that it had completed the acquisition of Tongxiang Xinglong Fine Chemical Co Ltd, a cellulose-based specialty polymers manufacturing facility located near
Aside from M&A, Eastman was also interested in joint ventures with local companies, Rogers said, adding that Chinese projects could also involve international partners.
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