Eastman to Expand Therminol® Heat Transfer Fluid Capacity
(Thomson Reuters ONE) -
Expansion of Therminol 66 Capacity Supports Market Leading Position
KINGSPORT, Tenn., July 1, 2013 - Eastman Chemical Company (NYSE:EMN) today broke
ground on a capacity increase for its Therminol(®) heat transfer fluids. The
plant expansion, located in Newport, Wales, will be a new manufacturing facility
capable of producing Therminol 66 and other biphenyl based co-products. The
facility is expected to be operational in the second half of 2014 and will
increase Eastman's total capacity for Therminol 66 by more than 50 percent.
"This expansion positions Eastman to meet the needs of heat transfer fluid
customers with our flagship Therminol 66 product," said Ravi Prakash, global
business director of the specialty fluids business in Eastman's Specialty Fluids
and Intermediates segment. "We are committed to helping our customers meet
demand by providing a reliable supply of Therminol 66. This investment is
consistent with our vision to remain the global leader in high temperature heat
transfer fluids."
Therminol heat transfer fluids are synthetic fluids used for indirect heating
and cooling of chemical processes. These fluids may also be used in consumable
products, as raw materials, or as process solvents in chemical applications
where high boiling point, low vapor pressure, and thermal stability attributes
are needed. Therminol 66 is the fluid of choice in high temperature
applications and serves a diverse set of end markets, such as oil and gas,
polymers, waste heat recovery, and many others.
Eastman is the world leader in synthetic high temperature heat transfer fluids,
providing more than 50 years of excellence in technical support, customer
service, performance and innovation. For more information on Therminol heat
transfer fluids, please call 1-800-426-2463 or visit www.therminol.com.
Eastman is a global specialty chemical company that produces a broad range of
products found in items people use every day. With a portfolio of specialty
businesses, Eastman works with customers to deliver innovative products and
solutions while maintaining a commitment to safety and sustainability. Its
market-driven approaches take advantage of world-class technology platforms and
leading positions in attractive end-markets such as transportation, building and
construction and consumables. Eastman focuses on creating consistent, superior
value for all stakeholders. As a globally diverse company, Eastman serves
customers in approximately 100 countries and had 2012 pro forma combined
revenues, giving effect to the Solutia acquisition, of approximately $9.1
billion. The company is headquartered in Kingsport, Tennessee, USA and employs
approximately 14,000 people around the world. For more information, visit
www.eastman.com.
###
Contacts:
Media: Kristin Sturgill
423-229-2526/ ksturgill(at)eastman.com
Investors: Greg Riddle
212-835-1620 / griddle(at)eastman.com
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Source: Eastman Chemical Company via Thomson Reuters ONE
[HUG#1713259]
Unternehmensinformation / Kurzprofil:
Datum: 01.07.2013 - 15:01 Uhr
Sprache: Deutsch
News-ID 274762
Anzahl Zeichen: 3843
contact information:
Town:
Kingsport
Kategorie:
Business News
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