Eastman to Expand Performance Films Capacity

ID: 1506593
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(Thomson Reuters ONE) -




KINGSPORT, Tenn., May 30, 2017 - Eastman Chemical Company (NYSE:EMN) today
announced a planned expansion of its Performance Films manufacturing capacity in
Martinsville, Virginia.  The capacity expansion is expected to be complete in
late 2017 and will increase capacity  for both paint protection films and window
films to support the continued growth of the LLumar(® )and Suntek(®) brands.
The expansion is Eastman''s largest film expansion to date and will be a state-
of-the-art facility that will produce high performance films for the automotive
and architectural markets. The expansion will  provide additional high-quality
jobs for the Martinsville Henry County community.  This project is in addition
to the $40 million investment that was announced in September of 2013.

"This expansion positions Eastman to meet the great growth in demand for window
and paint protection films we''re seeing from our customers around the world,"
said Travis Smith, vice president and general manager of Eastman''s Performance
Films business.  "This investment further solidifies Eastman''s commitment to the
window and paint protection films markets and to making our manufacturing site
in Henry County a state-of-the-art facility that produces the world''s highest
quality films products."

This news follows the recent launch of Eastman''s next generation paint
protection film products which provide best in industry combination of
performance, aethestics, and installation ease and has resulted in tremendous
adoption and acceptance by dealers and customers around the world.  Eastman
continues to drive investments related to product development and innovation,
manufacturing and quality excellence, and consumer marketing programs to support
development and growth of the window film and protective film markets.

"We see exciting growth potential for our portfolio of films and our dealer


network," said Darrell Reed, Performance Films commercial director for Americas,
Europe, Middle East & Africa.  "We are making these investments in product
innovation, manufacturing capacity, and marketing and support services to help
our customers provide high-quality products to meet the needs of consumers and
ultimately to allow our customers to further differentiate and grow their
business."

Performance Films is a part of Eastman''s Advanced Materials business segment.
With  60 years of experience, Eastman is the world''s leading manufacturer and
marketer of high performance window and paint protection films that are used in
automotive  and architectural applications.  To learn more about Eastman window
and paint protection films visit www.llumar.com and www.suntekfilms.com.

Eastman is a global advanced materials and specialty additives company that
produces a broad range of products found in items people use every day.  With a
portfolio of specialty businesses, Eastman works with customers to deliver
innovative products and solutions while maintaining a commitment to safety and
sustainability.  Its market-driven approaches take advantage of world-class
technology platforms and leading positions in attractive end-markets such as
transportation, building and construction, and consumables. Eastman focuses on
creating consistent, superior value for all stakeholders.  As a globally diverse
company, Eastman serves customers in more than 100 countries and had 2016
revenues of approximately $9.0 billion.  The company is headquartered in
Kingsport, Tennessee, USA and employs approximately 14,000 people around the
world. For more information, visit www.eastman.com.

###

Contacts:
Media: Kristin Parker
423-229-2526/ kristin(at)eastman.com

Investors: Louis Reavis
704-320-3577/ lreavis(at)eastman.com





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Eastman Chemical Company via GlobeNewswire






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Date: 05/30/2017 - 14:26
Language: English
News-ID 1506593
Character count: 2163
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