Eastman Plans to Further Consolidate Resins Manufacturing
KINGSPORT, Tenn. - Eastman Chemical Co. has announced a plan to further consolidate its resins manufacturing for the coatings, adhesives and graphic arts businesses. The company's subsidiary, Lawter International, will close its facility at Moundville, Ala., and move production to more strategic manufacturing sites.
Earnest W. Deavenport Jr., chairman and chief executive officer, said the action is part of the company's previously announced strategic plan to improve earnings and position Eastman for future growth. "We're continuing to work toward optimizing our current capacity in a way that will better serve our customers, reduce our costs and improve our earnings," Deavenport said.