Eastman: seeking steady growth. (Companies).(Eastman Chemical)

From: Chemical Week | Date: April 2, 2003| Author: | Copyright information

Eastman Chemical says it has long-term plans to develop its custom chemical business, including pharmaceutical intermediates. Eastman announced in 2000 that it planned to sell the operation, but could not find a buyer. "Eastman is committed to the custom fine chemicals market for the long haul," says Mark K. Cox, business director, custom synthesis business unit.

The changes made to the custom business since Eastman had planned to sell it are significant, according to Eastman. "The decision to sell the business is past history," says Cox. "Today we have a different strategy, ...

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Eastman Split Leaves Business Unfinished.(Brief Article)
; ...pharma industry using Eastman's proprietary technologies...material back-integration. Eastman announced in September...Scotland-based Jan Ramakers Fine Chemical Consulting Group. Dr...million. By capturing Eastman, none would move ahead...leader, DSM, whose annual fine ...
Eastman Sees Custom Work As Major Portion of Business
; ...manufacturing operations. Eastman Chemical Company's Fine Chemicals Division is joining...significant part of the Fine Chemical Unit's $400 million in 1995...finance and administration. Eastman performs custom activities...unit in Rochester performs fine chemical contract ...
Daiichi Fine Chemical Co., Ltd..(Agreements & Acquisitions)(Brief Article)
; Daiichi Fine Chemical Co., Ltd. has announced the appointment of Tomen America Inc. as the exclusive distributor of its vitamin and other fine chemical products in the U.S.
Fine Chemical Contradictions.(Brief Article)
; ...SECTOR? SOME FIRMS LIKE EASTMAN CHEMICAL and Honeywell...recently proclaimed their fine chemical units as among their...explain decisions like Eastman's. But there is another...dimension to the M&A in fine chemical intermediates businesses...
Fine chemical catalysts: producer consolidation ahead. (Catalysts).
; Several leading fine chemical catalyst players are voicing concerns...had a knock on effect reducing fine chemical production and therefore some...particularly for chiral catalysts. The Fine Chemical market is heading for more consolidation...
China's fine chemical industry: the dragon finally awakes.(Asia/Pacific)
; ...growth rate of 8%- 13%/year, Heil says. Fine chemical manufacturing costs are 40% of those...Hell says. Profitability of Chinese fine chemical firms is increasing strongly and has...levels, he says. There are about 5,000 fine chemical producers in China of which about 1...
Special Column for Fine Chemical Industrial Bases of the Ministry of Chemical Industry
; ...development of Field for development the fine chemical industry) Jiangsu Suzhou high-grade...Weak foundation for developing new fine chemical fields. In the chemical industry system...To speed up the development of the fine chemical industry, the Ministry of Chemical...
Eastman expects sharp loss, Shuts Hong Kong Fine Chemicals Plant. (Earnings).(4th-quarter earnings)(Brief Article)
; ...will be down 7% over the year-ago period, says Eastman. As we assess our fourth-quarter results, it's...particularly late in the quarter, says Jim Rogers, Eastman's CFO. Rogers attributes the decline to a reduction...lower polyethylene terephthalare (PET) prices. Eastman also indicated that it does not ...
Eastman Pumps Up Resins, Flattens Fine Chemicals.(Brief Article)
; ...in the past two years-in a deal that will push Eastman ahead of ExxonMobil Chemical as the leading supplier...and improving earnings, says Earnest Deavenport, Eastman chairman and CEO. Eastman does not break our revenues for those lines, but...and amino resins for noncoating applications. ...
Executive Insight: The Fine Chemical Majors Share Their Views.(Brief Article)
; ...custom manufacturing does not dampen fine chemical manufacturer's growth plans. CMR's...slowdown in custom manuacturing, the major fine chemical players remain optimistic about the...overcapacity in the custom market. However, fine chemical players continue to build their toolboxes...