Eastman: Voridian assets and technologies regrouped for synergies

24-Mar-2006

Eastman Chemical Company announced changes to its organizational structure that will help it more efficiently and quickly take full advantage of growth opportunities. The company's existing divisions have been realigned to tap synergies across technologies and markets.

"This structure, which is built around related technologies and assets, brings a stronger focus on the capabilities within our core businesses," said Brian Ferguson, chairman and CEO. "Eastman will also be in a stronger position to drive growth opportunities as we work with our customers to bring their own product innovations to market faster."

Under the new structure Eastman will be organized into two business groups, effective April 1, 2006. The chemicals and fibers business group will consist of the company's performance chemicals and intermediates; fibers; and coatings, adhesives, specialty polymers and inks segments. The polymers business group will include the company's polymers and specialty plastics segments.

As part of the realignment, organizations that were part of Eastman's Voridian Division will be formally folded into these two groups. Fibers will become part of the chemicals and fibers group. Polymers manufacturing will now be part of the polyesters business. This group will take advantage of synergies between the polymers and the specialty plastics organizations.

https://www.chemeurope.com/en/news/53397/eastman-voridian-assets-and-technologies-regrouped-for-synergies.html