Eastman Chemical Company (EMN) is a global specialty chemical company that produces a broad range of advanced materials, chemicals, and fibers. Eastman began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company’s photographic business. The company was spun-off from Eastman Kodak in 1994 and became a publicly traded company. Eastman has51 manufacturing sites and serves customers in approximately 100countries and 2014 revenues of approximately $9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 15,000.
Businesses are managed and reported in five reporting segments: Additives & Functional Products (“AFP”), Adhesives & Plasticizers (“A&P”), Advanced Materials (“AM”), Fibers, and Specialty Fluids &Intermediates (“SFI”).
The AFP segment manufactures chemicals for products in the coatings and tires industries in transportation, building and construction, durable goods, and consumables markets.
The A&P segment manufactures adhesives resins and plasticizers used in the manufacture of products sold into consumables, building and construction, health and wellness, industrial chemicals and processing, and durable goods markets.
The AM segment produces and markets specialty copolyesters, cellulose esters, interlayers, and aftermarket window film products.
The Fibers segment manufactures and sells Estron™ acetate tow and Estrobond™ triacetin plasticizers for use primarily in the manufacture of cigarette filters; Estron™ natural (undyed) and Chromspun™ 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.
The SFI major products include acetyl chemical intermediates, olefin derivatives, specialty fluids, and alkylamines for use in markets such as industrial chemicals and processing, building and construction, health and wellness, and agrochemicals.
2014 Market & Geographical Summary:
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