Eastman Chemical Company operates as a specialty chemical company that produces a range of advanced materials, chemicals, and fibers that are found in products people use every day. The company has a portfolio of specialty businesses that hold positions and manufactures products that enhance performance in various end markets such as transportation, building and construction, and consumables. End uses for the company's products include both original equipment manufacturing (OEM) and replacement or after-market products. Segments The company's products and operations are managed and reported in five segments: Additives & Functional Products (AFP), Adhesives & Plasticizers (A&P), Advanced Materials (AM), Fibers, and Specialty Fluids & Intermediates (SFI). ADDITIVES & FUNCTIONAL PRODUCTS In the AFP segment, the company manufactures chemicals for products in the coatings and tires industries in transportation, building and construction, durable goods, and consumables markets. Key technology platforms in this segment are rubber additives, cellulosic polymers, specialty ketones and coalescents, polyester polymers, and hydrocarbon resins. The segment focuses on producing high-value additives rather than finished formulated products. ADHESIVES & PLASTICIZERS In the A&P segment, the company manufactures adhesives resins and plasticizers which are used in the manufacture of products sold into the consumables, building and construction, health and wellness, industrial chemicals and processing, and durable goods markets. The A&P segment focuses on producing intermediate chemicals rather than finished products and developing long-term, strategic relationships to enable customers' growth in their end markets. The company is a non-phthalate plasticizer manufacturer and global adhesives resin manufacturer. ADVANCED MATERIALS In the AM segment, the company produces and markets specialty copolyesters, cellulose esters, interlayers, and aftermarket window film products that possess differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness products. Applications include addressing customer needs to go beyond impact strength and shatter resistance, and providing a balance of clarity and chemical resistance with Tritan copolyester across a set of markets and applications in the specialty plastics product line and sound reduction and heat control in the interlayers product line. FIBERS In the Fibers segment, the company manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers for use primarily in the manufacture of cigarette filters; Estron natural (undyed) and Chromspun solution-dyed acetate yarns for use in apparel, home furnishings, and industrial fabrics; and cellulose acetate flake and acetyl raw materials for other acetate fiber producers, including the company's new joint venture acetate tow manufacturing facility in Hefei, China. The company supplies acetate tow. The company is a producer of acetate yarn. Its customers within the Fibers segment include multinational as well as regional cigarette producers, fabric manufacturers, and other acetate fiber producers. SPECIALTY FLUIDS & INTERMEDIATES The SFI segment utilizes large scale and vertical integration from the acetyl and olefins streams and proprietary manufacturing technology for specialty fluids to manufacture diversified products that are sold externally for use in markets such as industrial chemicals and processing; building and construction; health and wellness; and agriculture, as well as used internally by other segments of the company. The Therminol brand offers a range of synthetic fluids for indirect heating and cooling to allow customers to optimize their operational efficiency. Seasonality The company's earnings are greater in second and third quarters, and cash flows from operations are highest in the second half of the year due to seasonal demand based on general economic activity in key markets. Results in the A&P and the AM segments are typically weaker in fourth quarter due to seasonal downturns in key markets. Sales and Marketing The company markets and sells products primarily through a global marketing and sales organization which has a presence in the United States and in 30 other countries selling into approximately 120 countries around the world. The company's products are also marketed through indirect channels, which include distributors and contract representatives. The company's products are shipped to customers directly from Eastman's manufacturing plants and from distribution centers worldwide. Intellectual Property and Trademarks The company owns approximately 700 active United States patents and approximately 1,700 active foreign patents, expiring at various times over several years, and also owns approximately 4,800 active worldwide trademark applications and registrations. Research and Development For 2013, the company’s research and development expenses totaled $193 million. History Eastman Chemical Company was founded in 1920. The company was incorporated in Delaware in 1993.
eastman chemical co (EMN:New York)
200 South Wilcox Drive
Kingsport, TN 37662
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