Eastman to Expand Capacity at Plasticizer Manufacturing Facility in Texas City
(Thomson Reuters ONE) -
KINGSPORT, Tenn., Oct. 17, 2013 - Eastman Chemical Company (NYSE:EMN) today
announced it is expanding capacity of its Eastman 168(TM) non-phthalate
plasticizers at its manufacturing facility in Texas City, Texas. The expansion
at the site will increase the overall capacity of Eastman 168 by approximately
15 percent and is expected to be operational by mid-2014.
"We are pleased to announce this capacity addition at our Texas City
manufacturing facility," said Jon Woods, Plasticizers business unit director.
"Since this expansion leverages an existing asset, it will be completed with
minimal capital investment and also positions us to execute another similar
expansion on the same line in the near future. These planned capacity additions
are consistent with our expectations of market growth envisioned when we
acquired the Texas City facility in 2011. Demand for non-phthalate plasticizers
continues to strengthen across a variety of end-markets and end-uses and this
investment will allow Eastman to sustain its leadership position of serving the
needs of current and new customers, particularly in North America and Europe."
Non-phthalate plasticizers are broadly used in products such as toys, childcare
items, food contact materials and medical devices, and are also used to provide
flexibility to PVC in a wide variety of applications. End markets for non-
phthalate plasticizers include building and construction, health and wellness,
and a broad range of consumer products.
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 Parker
423-229-2526 / kristin(at)eastman.com
Investors: Gregory Riddle
212-835-1620 / griddle(at)eastman.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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#1736406]
Unternehmensinformation / Kurzprofil:
Datum: 17.10.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 306824
Anzahl Zeichen: 3478
contact information:
Town:
Kingsport
Kategorie:
Business News
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"Eastman to Expand Capacity at Plasticizer Manufacturing Facility in Texas City"
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