Eastman Chemical Co
(NYSE: EMN)
72.33
-0.92
-1.26%
-0.92
-1.26%
MORE ON EMN
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Eastman Chemical Company |
| Industry: | Chemicals |
| Employees: | 10,000 |
DESCRIPTION
| Eastman Chemical Company began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, as of December 31, 1993. It is a global chemical company which manufactures and sells a portfolio of chemicals, plastics and fibers. The Company’s products and operations are managed in five operating segments: the Coatings, Adhesives, Specialty Polymers, and Inks ‘CASPI’ segment, the Fibers segment, the Performance Chemicals and Intermediates ‘PCI’ segment, the Performance Polymers segment and the Specialty Plastics ‘SP’ segment. In the CASPI segment, the it manufactures liquid vehicles, additives, specialty polymers, and other raw materials which are integral to the production of paints and coatings, inks, adhesives, and other formulated products. The CASPI segment's specialty products, which include coatings additives, coalescents, and selected hydrocarbon resins, are less sensitive to the olefins cycle due to their functional performance attributes. The additives product lines consist of differentiated and proprietary products, including cellulose-based specialty polymers which enhance the aesthetic appeal and improve the performance of industrial and automotive original equipment and refinish coatings and inks. Coalescents include products such as TexanolTM ester alcohol which improves film formation and durability in architectural latex paints, and chlorinated polyolefins which promote the adherence of paints and coatings to plastic substrates. Solvents, which consist of ester, ketone, glycol ether, and alcohol solvents, are used in both paints and inks to maintain the formulation in liquid form for ease of application. In the Fibers segment, Eastman manufactures and sells EstronTM acetate tow and EstrobondTM triacetin plasticizers for use mainly in the manufacture of cigarette filters; EstronTM natural and ChromspunTM solution-dyed acetate yarns for use in apparel, home furnishings and industrial fabrics; and cellulose acetate flake and acetyl raw materials for other acetate fiber producers. Eastman manufactures acetate tow under the EstronTM trademark according to a variety of customer specifications, mainly for use in the manufacture of cigarette filters. The Company manufactures acetate filament yarn under the EstronTM and ChromspunTM trademarks in a variety of specifications. EstronTM acetate yarn is available in bright and dull luster and is suitable for subsequent dyeing in the fabric form. ChromspunTM acetate yarn is solution-dyed in the manufacturing process and is available in more than 20 colors. The PCI segment offers over 135 products that include intermediates based on oxo and acetyl chemistries, and performance chemicals. The Company's PCI segment is a marketer of acetic anhydride in the United States, an intermediate that is a critical component of analgesics and other pharmaceutical and agricultural products, and is the only U.S. producer of acetaldehyde, a key intermediate in the production of vitamins and other specialty products. Eastman manufactures a range of products derived from oxo aldehydes. The PCI segment’s other intermediate products include plasticizers and glycols. The Performance Polymers segment is comprised mainly of the Company's PET product lines, and also includes various polymer intermediates. The SP segment consists of two main product lines, specialty copolyesters and cellulosics. The SP segment continues to develop new applications for its core copolyesters to meet growing demand for greener copolyester products. The product line includes TeniteTM acetate, TeniteTM butyrate, and TeniteTM propionate flake and polymers, as well as a family of colored products for each line. The adhesives product lines consist of hydrocarbon resins, rosin resins, resin dispersions, and polymers. It operates in a competitive environment. |
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