Headlines

Eastman Adhesives and Coatings Sales Rise 12%

February 7, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

Eastman Chemical Co. recently announced sales revenue for the fourth quarter of 2011 of $1.7 billion, an 18% increase compared to the fourth quarter of 2010, primarily due to increased selling prices and higher sales volume. Sales revenue in the Coatings, Adhesives, Specialty Polymers and Inks (CASPI) division increased by 12%, primarily due to higher selling prices, which were in response to higher raw material and energy costs, particularly for propane. Operating earnings in the 2011 fourth quarter were $52 million.

Full-year 2011 sales revenue was $7.2 billion, an increase of 23% year over year, reportedly due primarily to increased selling prices and higher sales volume. Selling prices increased in response to higher raw material and energy costs, primarily for propane, paraxylene, and wood pulp. The higher sales volume was primarily due to growth in PCI plasticizer product lines, the fourth quarter 2010 restart of a previously idled olefins cracking unit at the Longview, TX, facility, and strengthened end-use demand primarily for CASPI segment products.

“Despite a challenging and uncertain economic environment during the quarter, we delivered earnings per share that are among our best for a fourth quarter, and our full-year EPS was the best in our history,” said Jim Rogers, chairman and CEO. “Given the strength of our businesses and our solid balance sheet, we remain well-positioned for full-year 2012 EPS growth.”

For more information, visit www.eastman.com.

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.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

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

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
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

asi1211p_Cover-DE.gifASI'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. 

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.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40