Eastman to Increase Tritan Copolyester Capacity
(Thomson Reuters ONE) -
FOR IMMEDIATE RELEASE
Eastman to Increase Tritan Copolyester Capacity
Expanding capacity to support strong global demand
KINGSPORT, Tenn., July 30, 2013 - Today, Eastman Chemical Company (NYSE:EMN)
announces plans to increase Tritan((TM)) capacity at its Kingsport, Tenn.
facility. Through a series of capital projects, the company plans to expand its
capacity from 60 thousand metric tons to 76 thousand metric tons to meet
increasing demand for the material. The projects are expected to be completed by
mid-2014.
"Eastman continues to experience strong global demand for Tritan," said Lucian
Boldea, vice president and general manager of Advanced Materials-Specialty
Plastics at Eastman. "We are gaining traction in markets such as medical,
durable goods and infant care. This investment in Tritan will allow us to
maintain our position as the global market leader in copolyesters, and we will
continue to evaluate options for more significant expansions in the future. "
Eastman Tritan((TM)) is a new-generation copolyester that provides a
balance of properties, including toughness, dishwasher durability and superior
clarity. Since its launch in 2007, Tritan has been the material of choice for
more than 600 food contact products ranging from serving and storing items to
reusable sports bottles, infant care products and small appliances.
For more information about Eastman Tritan(TM) copolyester,
visit www.eastman.com/tritan.
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.
# # #
Contact:
Media: Maranda Demuth
(423)229-6135/ mdemuth(at)eastman.com
Investors: Greg Riddle
(212)835-1620 / griddle(at)eastman.com
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Eastman Chemical Company via Thomson Reuters ONE
[HUG#1719832]
Unternehmensinformation / Kurzprofil:
Datum: 30.07.2013 - 15:54 Uhr
Sprache: Deutsch
News-ID 283120
Anzahl Zeichen: 3508
contact information:
Town:
Kingsport
Kategorie:
Business News
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