This investment, according to Eastman, supports the continued growth of copolyester products globally and provides flexibility across the company’s polymer asset base.
The site, established in 2003, produces products for specialty films, signage, furniture, decorative laminates, packaging, advertising and vulcanizing agents for tires. The site was expanded after integrating Flexsys Chemicals Malaysia site, a wholly-owned subsidiary of Solutia that Eastman acquired in 2012.
“This expansion positions Eastman to meet the increasing global demand we’re seeing for our copolyester materials,” Burt Capel, vice president and general manager of Eastman’s Specialty Plastics business, said in a news release. “This investment further solidifies Eastman’s commitment to the Asia Pacific region and to providing our customers around the world with the highest quality materials in the market.”
Specialty Plastics is a part of Eastman’s Advanced Materials business segment. Eastman’s Kuantan, Malaysia site produces several copolyesters, including Eastman Spectar™ and Eastman Eastar™ copolyesters.
Eastman is a Kingsport-based global advanced materials and specialty additives company that produces a broad range of products found in items people use every day. Those products are used in the transportation, building and construction, and consumables business. As a globally diverse company, Eastman serves customers in more than 100 countries and had 2016 revenues of approximately $9 billion. The company employs approximately 14,000 people around the world.
For more, visit www.eastman.com.