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4-Traders Homepage  >  Equities  >  Nyse  >  Eastman Chemical Company    EMN

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Business Summary
Logo Eastman Chemical Company
Manufactures and markets chemicals, fibers and plastics

Eastman Chemical Co. engages in the provision of specialty chemicals.

It activities include production and distribution a range of advanced materials, chemicals and fibers.

It operates through the following segments: Additives and Functional Products; Adhesives and Plasticizers; Advanced Materials; and Fibers, Specialty Fluids and Intermediates.

The Additives and Functional Products segment pertains to manufacturing chemicals for products in the coatings and tires industries in transportation, building and construction, durable goods and consumables markets.

The Adhesives and Plasticizers segment pertains to the manufacturing of adhesives resins and plasticizers which are used in the manufacture of products sold into the consumables, building and construction, health and wellness, industrial chemicals and processing, and durable goods markets.

The Advanced Materials segment is the production and marketing of specialty copolyesters, cellulose esters, interlayers and aftermarket window film products that possess differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, health and wellness products.

The Fiber segment manufactures and sells EstronTM acetate tow and EstrobondTM triacetin plasticizers for use primarily in the manufacture of cigarette filters; EstronTM natural (undyed) and ChromspunTM solution-dyed acetate yarns for use in apparel, home furnishings, and industrial fabrics; and cellulose acetate flake and acetyl raw materials for other acetate fiber producers, including the Company's new joint venture acetate tow manufacturing facility in Hefei, China.

The Specialty Fluids and Intermediates segment leverages large scale and vertical integration from the acetyl and olefins streams and proprietary manufacturing technology for specialty fluids to manufacture diversified products that are sold externally for use in markets such as industrial chemicals and processing; building and construction; health and wellness; and agriculture, as well as used internally by other segments of the Company.

The company was founded by George Eastman in 1918 and is headquartered in Kingsport, TN.

Number of employees : 14 000 persons.
Sales per Businesses
20152016Delta
USD (in Million)%USD (in Million)%
Advanced Materials2,41425.3%2,45727.5% +1.78%
Specialty Fluids and Intermediates2,38825%---
Additives and Functional Products2,36824.8%2,97933.3% +25.8%
Fibers1,21912.8%992.0011.1% -18.62%
Adhesives and Plasticizers1,21412.7%---
Other45.000.5%46.000.5% +2.22%
Chemical Intermediates--2,53428.3%-
Sales per Regions
20152016Delta
USD (in Million)%USD (in Million)%
All Foreign Countries5,55258.1%5,20558.2% -6.25%
United States4,09642.9%3,80342.5% -7.15%
Managers
NameAgeSinceTitle
Mark Costa502006Chairman & Chief Executive Officer
Curtis E. Espeland, MBA521996Chief Financial Officer & Executive Vice President
Stephen G. Crawford-1987Chief Technology Officer & Senior Vice President
Robert M. Hernandez, MBA712002Independent Director
David Wayne Raisbeck662000Independent Director
Stephen R. Demeritt722003Lead Independent Director
Renée J. Hornbaker MBA, CPA632003Independent Director
Michael P. Connors612005Independent Director
Lewis M. Kling, MBA722006Independent Director
Gary E. Anderson, MBA702007Independent Director
Equities
Vote QuantityFloatCompany-owned sharesTotal Float
Share A 1 217,707,600 145,910,512 67.0% 71,269,474 32.7% 67.0%
Shareholders
NameEquities%
The Vanguard Group, Inc. 13,530,005 9.24%
BlackRock Fund Advisors 7,463,288 5.09%
SSgA Funds Management, Inc. 7,064,001 4.82%
JPMorgan Investment Management, Inc. 6,626,061 4.52%
Fidelity Management & Research Co. 4,793,247 3.27%
EdgePoint Investment Group, Inc. 3,649,078 2.49%
LSV Asset Management 3,620,558 2.47%
Columbia Management Investment Advisers LLC 2,243,547 1.53%
Invesco Advisers, Inc. 2,100,973 1.43%
Mellon Capital Management Corp. 2,065,036 1.41%
Sector
Basic Materials
Chemicals
 Chemicals
  Commodity Chemicals
   Commodity Chemicals - NEC
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Sector Commodity Chemicals - NEC
1st jan.Capitalization (M$)
EASTMAN CHEMICAL COMPA..6.98%11 733
AIR LIQUIDE1.33%44 778
SHIN-ETSU CHEMICAL CO ..8.29%38 163
LYONDELLBASELL INDUSTR..5.77%36 522
PRAXAIR, INC.1.02%33 771
AIR PRODUCTS & CHEMICA..-4.90%29 762
NAN YA PLASTICS CORP--.--%18 997
GIVAUDAN S.A.-4.07%16 537
ASAHI KASEI CORP7.62%13 891
PETRONAS CHEMICALS GRO..--.--%13 804
EMS-CHEMIE HOLDING AG12.08%13 689
SOLVAY1.75%12 902
CELANESE CORPORATION12.59%12 474
ALBEMARLE CORPORATION22.03%11 824
BEIJING SANJU EP& NEW ..--.--%10 311
NOVOZYMES A/S12.53%10 167
PTT GLOBAL CHEMICAL PC..--.--%9 418
WANHUA CHEMICAL GROUP ..26.24%8 764
WESTLAKE CHEMICAL CORP..17.16%8 457
BRASKEM SA-5.75%7 735
ARKEMA-1.07%7 488
Sector Commodity Chemicals - NEC
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Company contact information
Eastman Chemical Co.
200 South Wilcox Drive
Kingsport, TN 37660-5280

Phone : +1.423.229.2000
Fax : +1.423.229.2145
Web : www.eastman.com
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