United States

Profile: Eastman Chemical Co (EMN.N)

EMN.N on New York Stock Exchange

21 Feb 2017
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Eastman Chemical Company (Eastman), incorporated on July 29, 1993, is a specialty chemicals company that produces a range of materials, chemicals and fibers. The Company operates through five segments: Additives & Functional Products (AFP), Adhesives & Plasticizers (A&P), Advanced Materials (AM), Fibers, and Specialty Fluids & Intermediates (SFI). The Company has over 50 manufacturing sites and equity interests in approximately four manufacturing joint ventures in approximately 15 countries.

Additives & Functional Products Segment

In the AFP segment, the Company manufactures chemicals for products in the coatings, tires, consumables, animal nutrition, crop protection and energy markets. Its product lines include Coatings and Other Formulated Products, Tires Industry, and Specialty Amines and Crop Protection. The products Eastman manufactures for the coatings industry are classified as solvents, which include specialty coalescents and ketones and esters, glycol ethers, and alcohol solvents, and polymers, which include cellulose and polyester-based specialty polymers and paint additives. Products for the tires industry are classified into three product groups: insoluble sulfur products, which are vulcanizing agents principally marketed under the Crystex brand; antidegradants, principally marketed under the Santoflex brand, and hydrocarbon resins. The specialty amines business includes product lines that consist of specialty intermediates, performance products and formic acid. The crop protection business consists of alkylamine derivatives product lines. Technology platforms in this segment are propylene derivatives, alkylamine derivatives, insoluble sulfur, cellulose esters, polyester polymers and hydrocarbon resins. Its Coatings and Other Formulated Products, such as Polymers, including ellulosics, polyesters and polyolefins, and Additives and Solvents, including Texanol, ketones, esters, glycol ethers, alcohol solvents and ethyl acetate.

Adhesives & Plasticizers Segment

The Company's A&P segment focuses on producing intermediate chemicals. The technology platforms in this segment are the integrated olefins and polyesters platforms, and the hydrocarbon resins platform. In the adhesives resins and plasticizers businesses, the Company manufactures products which are sold into the consumables, building and construction, health and wellness, industrial chemicals and processing, and durable goods markets. The adhesives resins product line consists of hydrocarbon resins such as Regalite and Eastotac; non-hydrogenated hydrocarbons resins such as Piccotac, and rosins, such as Eastoflex. The plasticizers product line consists of a set of primary non-phthalate plasticizers, such as Eastman 168, and a range of niche non-phthalate plasticizers such as Benzoflex, Eastman TXIB and Effusion.

Advanced Materials Segment

In the AM segment, the Company produces and markets its polymers, films, and plastics with differentiated performance properties for end uses in transportation, consumables, building and construction, durable goods, and health and wellness products. The performance films product line primarily consists of window film products, which are aftermarket applied films used in automotive and architectural glass. Technology platforms for this segment include cellulose esters, polyesters, polyvinyl butyral (PVB) films and polyester films. The Company's product lines in AM segment include Specialty Plastics, Interlayers and Performance Films. The Company's Specialty Plastics products include Eastar copolyesters, Eastman Tritan copolyester, Eastman Visualize Material, Eastman Embrace copolyester, Eastman Spectar copolyester, Eastman Aspira family of resins and Flexvue. The interlayers product line includes specialty intermediate polyvinyl butyral (PVB) sheet and resins. PVB is a specialty resin used in the production of laminated safety glass sheet used in automotive and architectural applications. The Company's Interlayers products include Saflex and Saflex Q Series. The specialty plastics product line consists of two primary products: specialty copolyesters and cellulose esters. The Company's Performance Films products include LLumar, SunTek, V-KOOL and Gila.

Fibers Segment

In the Fibers segment, the Company 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 Company's product lines in Fibers segment include Acetate Tow, Acetate Yarn and Acetyl Chemical Products.

Specialty Fluids & Intermediates Segment

The Company manufactures a range of products that are sold externally for use in markets, such as industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. The Company's product lines in SFI segment include Chemical Intermediates, Other Intermediates, Specialty Fluids and Functional Amines. In the chemical intermediates product line, the Company produces oxo alcohols and derivatives, acetic acid and derivatives and acetic anhydride. In the other intermediate product line, the Company produces olefin, chemical intermediates, and polymer intermediates. The functional amines product lines include methylamines and salts, and higher amines and solvents. In the specialty fluids product line, the Company produces Therminol heat transfer fluids, Eastman Turbo Oils, Eastman Skydrol aviation hydraulic fluids and Eastman SkyKleen aviation solvents. Its technology platforms include acetyls, oxos, benzenes and derivatives, polyesters and alkylamines. The Company's SFI segment offers products, such as acetyl chemical intermediates, olefin derivatives, specialty fluids and alkylamines. The specialty fluids product line includes heat transfer and aviation fluids products. The heat transfer fluids product line offers a portfolio of high temperature synthetic aromatic fluids used primarily for indirect heat transfer in various chemical and manufacturing processes.

The Company competes with Sichuan Nitrocell Corporation, Companhia Nitro Quimica Brasileira, The Dow Chemical Company, Evonik Industries AG, BASF SE, Oriental Carbon & Chemicals Limited, Shikoku Chemicals Corporation, Jiangsu Sinorgchem Technology Co, Ltd., Korea Kumho Petrochemical Co. Ltd., Lanxess AG, Cray Valley Hydrocarbon Specialty Chemicals, Exxon Mobil Corporation, Kolon Industries Incorporated, Huntsman Corporation, Perstorp, Luxi Chemical Group, Feicheng Acid Chemicals, Argo-Kanesho Co Ltd, Bayer, Kolon Industries, Inc., LG Chem, Ltd., Emerald Performance Materials, Convestro, Trinseo, Saudi Basic Industries Corporation, Mitsubishi Chemical Corporation, S.K. Chemical Industries, Sichuan Push Acetati Company Limited, Daicel Chemical Industries Ltd, Sekisui Chemical Co., Ltd., Kuraray Co., Ltd, 3M Company, Saint-Gobain S.A., Garware Chemicals Limited, Celanese Corporation, Solvay S.A., Daicel Corporation, Mitsubishi Rayon Co. Ltd., UAB Dirbtinis Pluostas, Industrias del Acetato de Celulosa S.A., Jiangsu Ruijia Chemistry Co., Ltd., Polynt SPA, Oxea, BP plc, Lonza, LyondellBasell Industries, Flint Hill Resources and Chemours.

Company Address

Eastman Chemical Co

200 S Wilcox Dr,
PO Box 511
KINGSPORT   TN   37660-5147
P: +1423.2292000
F: +1302.6555049

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