Eastman Chemical Company (EMN) is a global specialty chemical company that manufactures a wide range of products found in items used by people every day. Established in 1920 as a subsidiary of Eastman Kodak, it was spun off as an independent entity in 1994. Now, Eastman Chemical Co stands as a separate, publicly-traded entity on the New York Stock Exchange with the ticker symbol EMN.
Headquartered in Kingsport, Tennessee, USA, Eastman Chemical's commitment to innovation and sustainability is reflected in its highly diverse portfolio. The company is engaged in the manufacture and sale of a broad portfolio of chemical, plastic, and fiber products. Its products serve a host of markets, including transportation, building and construction, consumables, health and wellness, and energy.
Eastman Chemical Company operates through four business segments- Additives and Functional Products, Advanced Materials, Chemical Intermediates, and Fibers. Its product catalog includes polymers, solvents, chemicals, plastics, and fibers, which are used by industries around the globe. Some of its renowned brands include Tritan™ copolyesters, Naia™ cellulosic yarn, ArtVue™ Films, amongst others.
Much of Eastman Chemical's success is attributed to its thriving innovative culture and continued emphasis on research and development. It heavily invests in technology and new product development every year, developing new chemicals and plastics to drive sustainable solutions.
The company's commitment to sustainability is paramount. It has implemented a robust strategy that focuses on driving environmental stewardness, social responsibility, and economic growth. It concentrates on optimizing the use of natural resources, reducing greenhouse gas emissions, waste management, and developing recycling technologies. In 2020, Eastman championed a pioneering molecular recycling technology that breaks down the plastic waste into simple molecules.
Eastman Chemical is a global company with manufacturing and operations spread across approximately 50 countries and a team of 14,500 employees worldwide. They serve their customers globally with their dedicated team supporting customer's needs in more than 100 countries.
Over the years, Eastman Chemical Co has earned several awards and recognitions honoring their contribution to the chemical industry. This includes being recognized numerous times by the Ethisphere Institute as one of the World’s Most Ethical Companies, which is a testament to its commitment to lead with high ethical standards and practices.
Today, Eastman Chemical Company plays a pivotal role in the industry as it strives to enhance the quality of life in a material way, focusing on key societal needs such as shelter, wellness, food and water, safety, and transportation. The company's long-term vision of enriching the world around us through materials, expertise, and solutions is woven into every aspect of its operations, making it a global leader in the specialty chemical industry.