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MarketScreener Homepage  >  Equities  >  Nyse  >  Eastman Chemical Company    EMN

EASTMAN CHEMICAL COMPANY

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Eastman Chemical : Reaffirms Commitment to Alkyl Amines Production

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11/20/2019 | 03:48am EST

Announces completion of debottleneck to increase capacity and serve global customers

KINGSPORT, Tenn. - Eastman Chemical Company has reaffirmed its commitment to the production of alkyl amines at its global integrated assets located in North America, Europe and Asia by announcing it has multiple debottlenecking projects underway to continually increase capacity to meet growing global demand. The most recent debottleneck was completed in the third quarter of 2019 and another is expected to be completed in 2020.

"The alkyl amines business continues to be a strategic area for Eastman," said Erwin Dijkman, vice president and general manager of Eastman's Chemical Intermediates business. "We continually invest in growth ahead of the demand curve to ensure reliable supply to our customers globally. With the additional capacity through this series of projects, we are confident we can cover future demand growth in the market."

Alkyl amines is a part of Eastman's Chemical Intermediates business segment. They are used in a wide range of end markets, like home and personal care, water treatment and animal nutrition.

Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2018 revenues of approximately $10 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.

Contacts:

Media: Kristin Parker

423-229-2526/ kristin@eastman.com

.

(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2019 9 267 M
EBIT 2019 1 372 M
Net income 2019 938 M
Debt 2019 5 708 M
Yield 2019 3,32%
P/E ratio 2019 10,9x
P/E ratio 2020 9,54x
EV / Sales2019 1,70x
EV / Sales2020 1,63x
Capitalization 10 071 M
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Number of Analysts 17
Average target price 85,65  $
Last Close Price 74,06  $
Spread / Highest target 26,9%
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Mark J. Costa Chairman & Chief Executive Officer
Curtis E. Espeland Chief Financial Officer & Executive Vice President
Mark K. Cox Chief Manufacturing & Engineering Officer, SVP
Stephen G. Crawford Chief Technology Officer & Senior Vice President
Robert M. Hernandez Lead Independent Director
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