Eastman To Keep Wales Fine Chemicals Plant, Continues Exploring Options for Hong Kong Facility

20-Aug-2001

Eastman Chemical Company (NYSE:EMN) today announced that it has ended its efforts to sell the company’s Peboc fine chemicals plant located in Llangefni, Wales, but will continue to evaluate options concerning its fine chemicals plant in Hong Kong, China. The global chemical company has been evaluating options for both of these plants as part of its previously announced ongoing restructuring of its fine chemicals business.

“Eastman will now work toward making our manufacturing facility in Llangefni, Wales, as profitable and as successful as possible by focusing on value-creating growth opportunities with our pharmaceutical and other customers,â€

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