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Eastman Chemical
-9.39%
Chemicals / Chemicals
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The Eastman Chemical company is a global specialty chemicals company headquartered in Kingsport, Tennessee. It was founded in 1920 as a subsidiary of the Eastman Kodak Company and became an independent company in 1994.
The company produces a wide range of chemicals and materials used in consumer products, industrial applications, and agriculture. Its products include additives and adhesives, fibers and plastics, specialty films and coatings, and performance chemicals.
Eastman Chemical operates in more than 100 countries and has approximately 14,500 employees worldwide. Its manufacturing facilities are located in North America, Latin America, Europe, and Asia Pacific. The company has a strong commitment to sustainability and has set ambitious goals to reduce its environmental impact and improve the sustainability of its products.
In addition to its core chemical production business, Eastman Chemical also has a ventures arm that invests in innovative startups in the specialty chemical and material industries. The company also has a focus on community involvement and philanthropy, supporting organizations and initiatives in the areas of education, health and human services, and environmental sustainability.
The company produces a wide range of chemicals and materials used in consumer products, industrial applications, and agriculture. Its products include additives and adhesives, fibers and plastics, specialty films and coatings, and performance chemicals.
Eastman Chemical operates in more than 100 countries and has approximately 14,500 employees worldwide. Its manufacturing facilities are located in North America, Latin America, Europe, and Asia Pacific. The company has a strong commitment to sustainability and has set ambitious goals to reduce its environmental impact and improve the sustainability of its products.
In addition to its core chemical production business, Eastman Chemical also has a ventures arm that invests in innovative startups in the specialty chemical and material industries. The company also has a focus on community involvement and philanthropy, supporting organizations and initiatives in the areas of education, health and human services, and environmental sustainability.
What is special about the company?
1. Innovative products: Eastman Chemical Company is known for its innovative and industry-leading products. They invest heavily in research and development, leading to the creation of products that solve complex challenges and meet the evolving needs of their customers.
2. Sustainability focus: Eastman is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have set ambitious goals to reduce their greenhouse gas emissions, water usage, and waste generation.
3. Diverse product portfolio: The company offers a wide range of products, from specialty chemicals to plastics and fibers. This diverse portfolio enables them to serve multiple industries and customers.
4. Strong customer focus: Eastman prides itself on understanding their customers' needs and providing the best solutions. They work closely with their customers to develop products that meet their specific requirements.
5. Global presence: Eastman has a global presence, with operations in over 100 countries and customers in more than 100 countries. This allows them to reach a wide market and serve diverse customer needs.
6. Strong financial performance: The company has a strong financial track record and has consistently delivered solid financial results, making it a reliable and stable investment option for shareholders.
7. Commitment to safety and ethics: Eastman places a high value on safety, both for their employees and the communities they operate in. They also have a strong ethical code of conduct, which guides their business practices and decision-making.
8. Employee development: The company invests in its employees' development and growth through training and leadership programs, career advancement opportunities, and an inclusive and diverse workplace culture.
9. Community involvement: Eastman is committed to making a positive impact in the communities where they operate. They support various community initiatives and volunteer efforts, contributing to the social and economic development of these areas.
10. Awards and recognition: The company has been consistently recognized for its excellence and leadership. In 2020, it was named one of the World's Most Ethical Companies by the Ethisphere Institute and one of America's Most Responsible Companies by Newsweek magazine.
2. Sustainability focus: Eastman is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have set ambitious goals to reduce their greenhouse gas emissions, water usage, and waste generation.
3. Diverse product portfolio: The company offers a wide range of products, from specialty chemicals to plastics and fibers. This diverse portfolio enables them to serve multiple industries and customers.
4. Strong customer focus: Eastman prides itself on understanding their customers' needs and providing the best solutions. They work closely with their customers to develop products that meet their specific requirements.
5. Global presence: Eastman has a global presence, with operations in over 100 countries and customers in more than 100 countries. This allows them to reach a wide market and serve diverse customer needs.
6. Strong financial performance: The company has a strong financial track record and has consistently delivered solid financial results, making it a reliable and stable investment option for shareholders.
7. Commitment to safety and ethics: Eastman places a high value on safety, both for their employees and the communities they operate in. They also have a strong ethical code of conduct, which guides their business practices and decision-making.
8. Employee development: The company invests in its employees' development and growth through training and leadership programs, career advancement opportunities, and an inclusive and diverse workplace culture.
9. Community involvement: Eastman is committed to making a positive impact in the communities where they operate. They support various community initiatives and volunteer efforts, contributing to the social and economic development of these areas.
10. Awards and recognition: The company has been consistently recognized for its excellence and leadership. In 2020, it was named one of the World's Most Ethical Companies by the Ethisphere Institute and one of America's Most Responsible Companies by Newsweek magazine.
What the company's business model?
The Eastman Chemical Company is a advanced materials and specialty additives company that produces a wide range of chemicals, fibers and plastics. A significant portion of their revenue is generated from the sale of coatings, adhesives, and specialty plastics to various industries. Additionally, they have a growing portfolio of sustainable products and technologies, including bio-based plastics and performance films, which cater to increasing consumer demand for environmentally friendly products.
Their business model is centered around innovation, technology, and sustainability. They invest heavily in research and development to develop new products and improve existing ones. They also focus on developing partnerships and collaborations with other companies, universities, and research institutions to leverage their collective expertise and capabilities.
The Eastman Chemical Company also has a strong focus on international expansion, with operations in over 100 countries. They have a global supply chain and distribution network to reach international markets and stay competitive in the global economy.
Another key aspect of their business model is their commitment to sustainability. They have set ambitious goals to reduce their environmental impact and promote circular economy principles in their operations. This includes developing new sustainable products, reducing emissions and waste, and implementing renewable energy sources in their facilities.
Overall, the Eastman Chemical Company's business model is focused on driving growth through innovation, global expansion, and sustainability, while also creating value for their shareholders, customers, and communities.
Their business model is centered around innovation, technology, and sustainability. They invest heavily in research and development to develop new products and improve existing ones. They also focus on developing partnerships and collaborations with other companies, universities, and research institutions to leverage their collective expertise and capabilities.
The Eastman Chemical Company also has a strong focus on international expansion, with operations in over 100 countries. They have a global supply chain and distribution network to reach international markets and stay competitive in the global economy.
Another key aspect of their business model is their commitment to sustainability. They have set ambitious goals to reduce their environmental impact and promote circular economy principles in their operations. This includes developing new sustainable products, reducing emissions and waste, and implementing renewable energy sources in their facilities.
Overall, the Eastman Chemical Company's business model is focused on driving growth through innovation, global expansion, and sustainability, while also creating value for their shareholders, customers, and communities.
Interesting facts about the company
1. Eastman Chemical Company was founded in 1920 as a subsidiary of Eastman Kodak Company in order to produce chemicals for Kodak’s photography business.
2. The company was officially spun off from Kodak in 1994 and became an independent company.
3. Eastman Chemical is headquartered in Kingsport, Tennessee and has manufacturing sites in over 20 countries.
4. The company’s products are used in a variety of industries including packaging, building and construction, transportation, textiles, and consumer goods.
5. Eastman Chemical was the first company to commercialize a cellulose-based acetate fiber, known as Acetate Fiber, in 1921.
6. The company invented the first mass-produced cellulose acetate tow (a type of fiber used in cigarette filters) in the 1950s, which revolutionized the tobacco industry.
7. Eastman Chemical is one of the largest producers of PET (polyethylene terephthalate) in the world, which is used in the production of plastic bottles and containers.
8. The company has a strong commitment to sustainability and has been recognized for its efforts to reduce energy consumption, water usage, and greenhouse gas emissions.
9. Eastman Chemical was named one of the World’s Most Ethical Companies by the Ethisphere Institute for 9 consecutive years, from 2013 to 2021.
10. In addition to its chemical products, Eastman Chemical also produces specialty films for use in products such as flat panel displays and window tinting.
11. The company has a dedicated research and development division, which is responsible for inventing and developing new products and processes.
12. Eastman Chemical has a global workforce of approximately 14,500 employees and its stock is traded on the New York Stock Exchange under the ticker symbol EMN.
13. In 2020, Eastman Chemical celebrated its 100th anniversary as a company.
14. The company has a strong focus on community involvement and supports various educational, environmental, and cultural initiatives in the communities where it operates.
15. Eastman Chemical has been recognized for its diversity and inclusion efforts, receiving awards such as the Catalyst Award for Gender Diversity and the Corporate Equality Index Best Places to Work for LGBTQ Equality.
See Company Due Diligence:
2. The company was officially spun off from Kodak in 1994 and became an independent company.
3. Eastman Chemical is headquartered in Kingsport, Tennessee and has manufacturing sites in over 20 countries.
4. The company’s products are used in a variety of industries including packaging, building and construction, transportation, textiles, and consumer goods.
5. Eastman Chemical was the first company to commercialize a cellulose-based acetate fiber, known as Acetate Fiber, in 1921.
6. The company invented the first mass-produced cellulose acetate tow (a type of fiber used in cigarette filters) in the 1950s, which revolutionized the tobacco industry.
7. Eastman Chemical is one of the largest producers of PET (polyethylene terephthalate) in the world, which is used in the production of plastic bottles and containers.
8. The company has a strong commitment to sustainability and has been recognized for its efforts to reduce energy consumption, water usage, and greenhouse gas emissions.
9. Eastman Chemical was named one of the World’s Most Ethical Companies by the Ethisphere Institute for 9 consecutive years, from 2013 to 2021.
10. In addition to its chemical products, Eastman Chemical also produces specialty films for use in products such as flat panel displays and window tinting.
11. The company has a dedicated research and development division, which is responsible for inventing and developing new products and processes.
12. Eastman Chemical has a global workforce of approximately 14,500 employees and its stock is traded on the New York Stock Exchange under the ticker symbol EMN.
13. In 2020, Eastman Chemical celebrated its 100th anniversary as a company.
14. The company has a strong focus on community involvement and supports various educational, environmental, and cultural initiatives in the communities where it operates.
15. Eastman Chemical has been recognized for its diversity and inclusion efforts, receiving awards such as the Catalyst Award for Gender Diversity and the Corporate Equality Index Best Places to Work for LGBTQ Equality.
See Company Due Diligence:
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