Eastman Chemical has announced that its board of directors has authorized management to pursue a plan that would result in the company becoming two independent, public companies.
KINGSPORT, Tenn.— Eastman Chemical Co., a leading manufacturer and marketer of chemicals, fibers and plastics, has announced that its board of directors has authorized management to pursue a plan that would result in the company becoming two independent, public companies.
The Specialty Chemicals and Plastics company would include Eastman’s presence in coatings, adhesives, inks, specialty polymers and plastics, and intermediates products. Eastman’s digital business ventures, including ShipChem, Inc., as well as the investment in Genencor International, would be part of this new entity.