KINGSPORT, Tenn., August 21, 2017 – Eastman Chemical Company today announced a planned expansion of its copolyester site in Kuantan, Malaysia. The expansion is expected to be complete in the first quarter of 2018 and will increase PETG capacity by approximately 20 percent. This investment supports the continued growth of copolyester products globally and provides flexibility across the company’s polymer asset base.
“This expansion positions Eastman to meet the increasing global demand we’re seeing for our copolyester materials,” said Burt Capel, vice president and general manager of Eastman’s Specialty Plastics business. “This investment further solidifies Eastman’s commitment to the Asia Pacific region and to providing our customers around the world with the highest quality materials in the market.”
Specialty Plastics is a part of Eastman’s Advanced Materials business segment. Eastman’s Kuantan, Malaysia site produces several copolyesters, including Eastman Spectar™ and Eastman Eastar™ copolyesters.
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