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MOSCOW (MRC) -- Eastman Chemical
Company today announced a planned expansion of its copolyester site in Kuantan,
Malaysia, said the company on its website.
The expansion is expected to
be complete in the first quarter of 2018 and will increase PETG capacity by
approximately 20 percent. This investment supports the continued growth of
copolyester products globally and provides flexibility across the company’s
polymer asset base.
"This expansion positions Eastman to meet the
increasing global demand we’re seeing for our copolyester materials," said Burt
Capel, vice president and general manager of Eastman’s Specialty Plastics
business. “This investment further solidifies Eastman’s commitment to the Asia
Pacific region and to providing our customers around the world with the highest
quality materials in the market."
Specialty Plastics is a part of
Eastman’s Advanced Materials business segment. Eastman’s Kuantan, Malaysia site
produces several copolyesters, including Eastman Spectar™ and Eastman Eastar™
copolyesters.
Eastman is a global advanced materials and specialty
additives company that produces a broad range of products found in items people
use every day. With a portfolio of specialty businesses, Eastman works with
customers to deliver innovative products and solutions while maintaining a
commitment to safety and sustainability. Its market-driven approaches take
advantage of world-class technology platforms and leading positions in
attractive end-markets such as transportation, building and construction, and
consumables. Eastman focuses on creating consistent, superior value for all
stakeholders. As a globally diverse company, Eastman serves customers in more
than 100 countries and had 2016 revenues of approximately USD9.0 billion. The
company is headquartered in Kingsport, Tennessee, USA and employs approximately
14,000 people around the world.
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