MOSCOW (MRC) -- Eastman Chemical Company is increasing prices on the following products June 1, 2015 or as contracts allow, as per the company's statement.
These increases are due to elevated operating costs, especially in raw materials.
EASTMAN Isophthalic Acid: off-list price increase of USDUSD 0.02/lb (USDUSD 0.04/kg) in North America.
As MRC wrote previously, the board of directors of Eastman Chemical Company has declared a quarterly cash dividend of USD0.40 per share on the company's common stock. The dividend is payable July 1, 2015, to stockholders of record as of June 15, 2015.
Eastman is a global specialty chemical 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 approximately 100 countries and had 2014 revenues of approximately USD9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 15,000 people around the world.
MRC