Local business news in brief
Feb 20, 2007 at 8:45 AM
Eastman declares quarterly cash dividend
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KINGSPORT - The board of directors of Eastman Chemical Co. has declared a quarterly cash dividend of 44 cents per share on the company's common stock. The dividend is payable April 2 to stockholders of record as of March 15. Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is the world's largest producer of PET polymers for packaging; and is a major supplier of cellulose acetate fibers. Founded in 1920 and headquartered in Kingsport, Eastman is a Fortune 500 company with 2006 sales of $7.5 billion and approximately 11,000 employees. For more information about Eastman visit www.eastman.com.
Salluzzo to address state quality leaders
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KINGSPORT - Dr. Richard Salluzzo, a double-board-certified physician and president and chief executive officer of Wellmont Health System, will be among the featured speakers at the 2007 Excellence in Tennessee Conference, to be held this week in Nashville. Salluzzo will present a program titled "The Safest Hospital" Thursday morning. During the 75-minute session, he will detail Wellmont's initiative to eliminate medical errors and achieve complete safety in the hospital setting. "For hospital leaders who bear the heavy responsibility of caring for our neighbors at their most vulnerable, I see two choices," Salluzzo said. "Either we provide every patient with a skilled guardian to stand at the bedside and protect against the daily glitches and risks that we have allowed to develop in our hospital processes, or we fix them. At Wellmont Health System, we are determined to become as error-free as possible by focusing our staff on patients and the processes that make the biggest difference in their eyes. We are determined to do nothing less than achieve complete safety and the delivery of ideal care throughout our entire health system." The Excellence in Tennessee Conference is sponsored by the Tennessee Center for Performance Excellence.
Alley's Dodge sponsoring hat contest
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KINGSPORT - In honor of a long-standing tradition of the Kentucky Derby, a horse racing event often known for its fans' fashionable hats, the Chrysler brand and Alley's Dodge World of Kingsport announce a nationwide hat design competition inspired by the brand's all-new 2008 Chrysler Sebring convertible launching in spring 2007. The top three finalists in the "Chrysler Sebring Hats Off to the Derby" contest will win tickets to the derby to wear their winning designs. One grand prize winner will be named in Louisville during Kentucky Derby weekend and will receive an all-new 2008 Chrysler Sebring convertible. Aspiring fashion designers, horse racing enthusiasts, car aficionados and all those interested are invited to enter the contest by going to www.chryslersebringhatsofftothederby.com. Entrants must submit a sketch by March 5. The design must utilize some material from the Sebring convertible's soft top and be accompanied by a 100-word essay on how the styling and features of the Chrysler Sebring convertible inspired the hat design. Entries will also be accepted by mail at: Chrysler Sebring Hats Off to the Derby Contest, Department 4764, P.O. Box 6650, Stacy, MN 55078-6650. Mailed entries must be postmarked no later than March 5 and received no later than March 9.