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Since its founding in 1920 by George Eastman, the Eastman Chemical Company has become an industry success story – one that earned a spot on the cover of the latest issue of Chemical Week magazine.
Eastman specializes in chemicals, plastics and fibers that go into products consumers use every day. From the paint on our cars, to the screens on our e-readers, to the coating on our aspirin tablets, chemistry innovations like these make life safer, easier and more enjoyable.
As the article shows, Eastman’s businesses are positioned for further investment and growth, with continued attention being paid to the consumer and to creating products that “serve unmet market needs.”
Photo via @EastmanChemCo Twitpic
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Eastman Chemical: Core Focus Delivers Value
Several quarters of strong earnings growth have made Eastman Chemical one of industry’s strongest stock performers coming out of the recession, but executives say there is much more to the franchise beyond a PET-less portfolio and a favorable propylene position. Strong demand, stable margins across all businesses, cash for investment, and a stocked pipeline are changing the face of Eastman―and its prospects for growth.
Eastman, which began operation in 1920 as an in-house source of chemicals for Eastman Kodak’s photography business, has been a success story for much of its corporate history by running one of North America’s largest integrated chemical complexes and leveraging a low-cost position based on wood, and later coal.
The company began exiting several lower-margin commodity businesses in 2003, including polyethylene terephthalate (PET), and has put together a portfolio of stable, higher-value products in specialty plastics, fibers, coatings, and intermediates. Strong and sustainable margin positions, combined with significant investment capacity and a strong pipeline of growth opportunities will benefit the company as it enters a new phase of growth.
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