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Eastman Chemical

Eastman Chemical (NYSE: EMN) is a manufacturer of plastics and chemicals in the U.S.

Website: http://www.eastman.com

Company Description

Eastman Chemical was founded in 1920 as the Tennessee Eastman division of Eastman Kodak. The company was a response to shortages in World War I, when supplies of many chemicals traditionally imported from Europe were interrupted. Cellulose acetate for photographic safety film (replacing flammable nitrocellulose film) was an early product. Cellulosic fibers and plastics followed. Other plastics included polyethylene (1954), polypropylene (1961), and cellulose acetate butyrate (1962), and PET (1978). Polyester fiber. Superglue.

Eastman chemical products include methanol, acetic acid and derivatives, butyraldehyde and derivatives (butanol, isobutanol, butyric acid, neopentyl glycol, trimethylpentanediol), propionaldehyde and derivatives (propyl alcohol, propionic acid), cyclohexanedimethanol), solvents, plasticizers, processed tall oil fatty acid, rosin derivatives, and hydrocarbon resins.

Eastman Chemical announced plans to acquire Solutia in January, 2012. That added a variety of plastic films including safety glass interlayers and tinting films for windows and related architectural uses. The Hercules products made from pine trees (rosin, processed tall oil fatty acids, and hydrocarbon resins made from fractionated turpentine) now are part of Eastman Chemicals (acquired 2001)..

In 2011, Eastman sold its polyester business to DAK Americas. They sold resins, inks, and monomers in 2004; polyethylene in 2006; Texas gasification in 2009.

In 2014, Eastman acquired amines maker Taminco. Taminco was assembled from the amine businesses of several companies including Air Products, Akzo Nobel, UCB, and Arkema. Products include methylamines as well as higher amines (ethyl, propyl, isopropyl, butyl, amyl) and derivatives. Solvent products include n-methylpyrolidinone, DMF, and dimethylacetamide.

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