Eastman Chemical Company
Industry: Chemicals - Plastics & Rubber

Eastman manufactures and markets chemicals, fibers and plastics. The company has approximately 15,800 employees in more than 30 countries and had 2001 sales of $5.4 billion.

Business Summary
Eastman Chemical Company (Eastman) is a chemical company engaged in the manufacture and sale of a portfolio of chemicals, plastics and fibers. Eastman is a producer of polyethylene terephthalate (PET) polymers for packaging, and a supplier of raw materials for coatings, adhesives, specialty plastic products and other formulated products, and of cellulose acetate fibers. Eastman is aligned into three divisions: Eastman, Voridian and Developing Businesses, with a total of six operating segments. Eastman Division consists of the Coatings, Adhesives, Specialty Polymers and Inks segment, the Performance Chemicals and Intermediates segment, and the Specialty Plastics segment. Voridian Division contains the Polymers segment and the Fibers segment. Developing Businesses Division contains the Developing Businesses segment.

Financial Summary
EMN manufactures and sells polyester plastics such as polyethylene terephthalate (PET); coatings and paint raw materials; industrial and fine chemicals, and acetate tow. For the 6 months ended 6/30/05, revenues rose 7% to $3.51B. Net income totaled $368M, up from $78M. Revenues reflect higher selling prices and increased volumes in continuing product lines. Net income also reflects higher equity investment income.