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Calhoun County prepares for change at Eastman plant

November 11/2010

(The T and -- Calhoun County Council prepared for the purchase of Eastman Chemical Company"s polyethylene terephthalate business Monday by agreeing to the transfer of some property. County Administrator Lee Prickett said the move allows Eastman to sell its polyethylene terephthalate, or PET, business to DAK Americas LLC, based in Charlotte, N.C.

Eastman manufactures chemicals, fibers and plastics materials for every day use. Company"s sales revenue for third quarter 2010 was $1.7 billion, a 29 percent increase compared with third quarter 2009 primarily due to higher sales volume and higher selling prices. The higher sales volume was attributed primarily to improved end-use demand in packaging, durable goods, and other markets and the positive impact of growth initiatives.


Calhoun County prepares for change at Eastman plant

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