KINGSPORT, Tenn., August 31, 2017 – Eastman Chemical Company today announced multiple projects to increase CHDM capacity at its Kingsport, Tennessee, manufacturing facility. The series of debottlenecks and expansion projects will occur over the next 18 months and will increase capacity by 15,000 metric tons. All projects are expected to be complete by early 2019.
This series of investments positions Eastman to meet the increasing demand it is seeing for copolyesters, as well as other polyester supported markets, and further demonstrates the company’s commitment to growing with its customers around the world.
“We are very excited to continue making investments to grow our copolyester business,” said Burt Capel, vice president and general manager of Eastman’s Specialty Plastics business. “Since its launch, we’ve seen tremendous growth in Tritan™ and continued strength across our copolyester product portfolio. This investment, along with the addional PETG capacity we recently announced that is coming online in 2018, further demonstrates our commitment to our entire copolyester business.”
Specialty Plastics is a part of Eastman’s Advanced Materials business segment. CHDM is used in the production of Eastman Tritan™, Eastman Spectar™, Eastman Eastar™ and other copolyester materials.
Eastman is a global advanced materials and specialty additives 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 more than 100 countries and had 2016 revenues of approximately $9.0 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.
Media: Kristin Parker
Investors: Greg Riddle