Adhesives & Sealants Headlines


September 20, 2004
/ Print / Reprints /
/ Text Size+
Eastman Chemical Co. Chairman and CEO Brian Ferguson and senior executives said the company has made significant progress toward improving profitability and is focusing on a growth strategy that builds on Eastman's strengths in polyester, acetyl, and organic chemistry technologies. Ferguson's comments came during a recent Investor Day event in New York, where the company also announced the development of a breakthrough polyester innovation called IntegRex technology. "We continue to see positive results from decisive actions we're taking to improve profitability and earn the right to grow," Ferguson said. "Over the past year, we've divested businesses and product lines that are no longer a strategic fit for Eastman, consolidated manufacturing operations in key areas to strengthen our competitive positions, and reduced our employee base by about 20 percent." As a result of these actions, Ferguson said Eastman has seen a measurable improvement in its operating earnings for almost all business segments. The company has achieved this performance while maintaining financial discipline. "Our operating foundation is stronger as a result of our restructuring actions and financial discipline," Ferguson said. "Our focus will now be building on this foundation and extending Eastman's expertise and know-how to market segments that offer the greatest growth potential and where we can differentiate ourselves from competitors." Ferguson said that Eastman's market analysis over the past year has reinforced the belief that the company is well positioned to succeed in targeted opportunities in high growth markets, including building and construction, packaging, healthcare, and electronics.

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 Sept 2014 cover

2014 September

Our September issue features articles focusing on high-tech applications and raw materials, as well as a preview of the ASC Fall Convention and Expo. Check it out today!

Table Of Contents Subscribe


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. 

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.


facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px