Eastman is a global chemical company with a broad portfolio of manufacturing technologies and chemical, plastic and fibre products. It has some 10,500 employees manufacturing and marketing more than 1,200 chemicals, fibres and plastics products. It had sales of $6.7bn (in 2008).
Eastman manufactures and sells chemicals and speciality polymers supplied to the inks, coatings, adhesives, sealants, textile industries, fine chemicals, performance chemicals and intermediates, speciality plastics, polyester plastics sold under the trademark Eastapak polymers, and fibres.
History
Founded in 1920 by George Eastman to supply basic photographic chemicals for Eastman Kodak, Eastman Chemical became an independent publicly traded company in January 1994.
Company movements
In March 2008, Eastman Chemical closed its $354m (Euro223m) deal to sell to Indorama its European assets that make polyethylene terephthalate (PET) and purified terephthalic acid (PTA). The deal included Eastman's plants in the UK and the Netherlands. Eastman previously announced the deal in December 2007.
Eastman is structured into the following business groups:
(1) Chemicals and Fibres
(2) Performance Chemicals & Intermediate Fibres
(3) Coatings Adhesives
(4) Specialty Polymers & Inks (CASPI)
(5) Polyesters
(6) Specialty Plastics (SP)
(7) Polymers
Eastman Chemical
Strategy & Financial Highlights
Eastman Chemical will focus on its strategy of continuing to strengthen its portfolio and launching new technologies. Eastman Chemical will also pursue opportunities in key development areas. (Edited from “To our stockholders” and “outlook” annual report). ICIS also provides you with key financial data listed in table form.
More about Eastman Chemical Strategy & Financial Highlights
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