Eastman Expands Resins Capacity with Chinese JV
Eastman Chemical Co. recently announced it is increasing the capacity of its Regalite™ hydrogenated hydrocarbon resins. A joint venture with Sinopec Yangzi Petrochemical Co. will reportedly add a world-scale manufacturing plant in Nanjing, China.
The new facility will be equally owned between the two companies and will produce 50,000 metric tons of Regalite resins upon completion. The facility is expected be online by the end of 2014 and will reportedly increase Eastman’s total capacity for hydrogenated hydrocarbon resins by 50%.
“This joint venture uniquely positions Eastman to meet the needs of customers by serving the expanding Asian market and reaffirms our commitment to building the hydrogenated hydrocarbon resins business,” said Phil Byers, director of the adhesives business in Eastman’s Adhesives and Plasticizers segment.
For additional information, visit www.eastman.com.