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Eastman Chemical Company
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Eastman Chemical Company
Eastman Chemical Company is an American chemical products manufacturer based in Kingsport, Tennessee. Founded in 1920, it was formerly a subsidiary of Kodak until 1994. The company is an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. It operates 36 manufacturing sites worldwide and employs approximately 14,000 people. In 2023, Eastman had sales revenue of approximately $9.21 billion.
Eastman manufactures and markets chemicals, fibers, and plastics. It provides coatings, adhesives and specialty plastics products, is a major supplier of cellulose acetate fibers, and produces copolyesters for packaging.
The company's products and operations are managed and reported in four operating segments: Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers.
In this segment, Eastman manufactures chemicals and adhesive resins for products in the coatings and tires industries in transportation, building and construction, durable goods, health and wellness, and consumables markets. The development of cyanoacrylates ("super-glues", or instant adhesives) is attributed to Harry Coover, an employee of Eastman. The adhesives were patented in 1956.
In this segment, Eastman produces and markets specialty copolyesters, cellulose esters, interlayers, and aftermarket window film products for use in transportation, consumables, building and construction, durable goods, health and wellness, and electronics.
The Chemical Intermediates segment leverages large scale and vertical integration from the acetyl, olefins, and alkylamine streams and proprietary manufacturing technology for specialty fluids to manufacture diversified products that are sold externally for use in markets such as industrial chemicals and processing; building and construction; health and wellness; energy, fuels, and water; consumables; agriculture, as well as used internally by other Eastman segments.
In the Fibers segment, Eastman manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers for use primarily in the manufacture of cigarette filters; Estron natural 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.
An effect of World War I was a scarcity in raw materials such as photographic paper, optical glass, gelatin and many chemicals, including methanol, acetic acid and acetone. After the war ended, George Eastman, founder of Eastman Kodak, began working to develop an independent supply of chemicals for his company's photographic processes. His search for suitable quantities of methanol and acetone led him to the southern United States.
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Eastman Chemical Company
Eastman Chemical Company is an American chemical products manufacturer based in Kingsport, Tennessee. Founded in 1920, it was formerly a subsidiary of Kodak until 1994. The company is an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. It operates 36 manufacturing sites worldwide and employs approximately 14,000 people. In 2023, Eastman had sales revenue of approximately $9.21 billion.
Eastman manufactures and markets chemicals, fibers, and plastics. It provides coatings, adhesives and specialty plastics products, is a major supplier of cellulose acetate fibers, and produces copolyesters for packaging.
The company's products and operations are managed and reported in four operating segments: Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers.
In this segment, Eastman manufactures chemicals and adhesive resins for products in the coatings and tires industries in transportation, building and construction, durable goods, health and wellness, and consumables markets. The development of cyanoacrylates ("super-glues", or instant adhesives) is attributed to Harry Coover, an employee of Eastman. The adhesives were patented in 1956.
In this segment, Eastman produces and markets specialty copolyesters, cellulose esters, interlayers, and aftermarket window film products for use in transportation, consumables, building and construction, durable goods, health and wellness, and electronics.
The Chemical Intermediates segment leverages large scale and vertical integration from the acetyl, olefins, and alkylamine streams and proprietary manufacturing technology for specialty fluids to manufacture diversified products that are sold externally for use in markets such as industrial chemicals and processing; building and construction; health and wellness; energy, fuels, and water; consumables; agriculture, as well as used internally by other Eastman segments.
In the Fibers segment, Eastman manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers for use primarily in the manufacture of cigarette filters; Estron natural 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.
An effect of World War I was a scarcity in raw materials such as photographic paper, optical glass, gelatin and many chemicals, including methanol, acetic acid and acetone. After the war ended, George Eastman, founder of Eastman Kodak, began working to develop an independent supply of chemicals for his company's photographic processes. His search for suitable quantities of methanol and acetone led him to the southern United States.