Adhesives & Sealants Headlines

Eastman Third Quarter Sales Rise 20%

Eastman Chemical Co. recently announced that its sales revenue for the third quarter of 2011 was $1.8 billion, a 20% increase compared with the third quarter of 2010, reportedly due to higher selling prices. Operating earnings (excluding restructuring charges) in the third quarter of 2011 were $263 million, vs. $266 million in the same period of 2010. Operating earnings in the third quarter of 2011 included $11 million of costs from an unplanned outage of an olefin cracking unit in Longview, TX, and $8 million from an acetyl technology license.

Sales revenue for the Coatings, Adhesives, Specialty Polymers and Inks segment increased 14%, primarily due to higher selling prices issued in response to higher raw material and energy costs. Operating earnings in the third quarter of 2011 were $82 million, compared to $89 million in the third quarter of 2010.

“Third quarter 2011 operating earnings reflect solid performance across the company,” said Jim Rogers, chairman and CEO. “Going forward, the strength of our core businesses and balance sheet gives us confidence our earnings will remain resilient despite the economic uncertainty.”

For more information, visit

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!


ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI march 2015 cover

2015 March

Welcome to our annual Raw Materials, Chemicals, Polymers and Additives Handbook!
Table Of Contents Subscribe

Paid Leave

President Obama recently announced he wants U.S. businesses and the federal government to provide paid sick leave and paid parental leave to all workers. Do you think this is a good idea?
View Results Poll Archive


Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 


facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.