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Nathan Alexander Roanoke College April 3, 2001

Nathan Alexander Roanoke College April 3, 2001. COMPANY PROFILE. World’s largest supplier of polyester (PET) plastics used for packaging. 16,100 employees 53 manufacturing sites worldwide Year 1999 sales: 4.6 billion dollars Year 2000 sales: 5.3 billion dollars. COMPANY DIVISIONS.

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Nathan Alexander Roanoke College April 3, 2001

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  1. Nathan Alexander Roanoke College April 3, 2001

  2. COMPANY PROFILE • World’s largest supplier of polyester (PET) plastics used for packaging. • 16,100 employees • 53 manufacturing sites worldwide • Year 1999 sales: 4.6 billion dollars • Year 2000 sales: 5.3 billion dollars

  3. COMPANY DIVISIONS • Basic Chemicals • Transaction Cards • Display Cases • Carpet Fiber • Toothbrush • Photographic, Movie, X-ray film • Sports Equipment • Vinyl Flooring • Fine Chemicals • Agriculture • Photographic • Silicon Computer Chips • Pharmaceuticals • Excipients • Intermediate/ bulk actives

  4. HISTORICAL OVERVIEW • 1920 – Tennessee Eastman Corporation begins • 1954 – Production of polyethylene begins • 1968 – Eastman Chemicals Division of Eastman Kodak Co. is formed • 1978 – Manufacture of PET resin for containers • 1990 – Eastman Chemicals Division renamed • 1994 – Eastman Chemical Co. becomes independent • 1999 – 1st Chemical Co. offering e-commerce

  5. ACQUISITIONS TIMELINE • 1994 – Genecor International • 1996 – ABCO Industries, Inc. • 1998 – Ernst Jager, Fabrik Chemischer Rohstoffe GmbH & Co. • 1999 – Lawter International, Inc. • 2000 – Chemické závody Sokolov, and McWhorter Technologies, Inc.

  6. POLYETHYLENE TEREPHTHALATE (PET) • Notable stiffness as a result of benzene rings in polymer chains • “Drawing” process aligns polymer chains closer together for more stiffness • Fiber, high strength plastic, or transparent container

  7. EASTMAN FAMILIES OF PET

  8. 3,4-Epoxy-1-butene or epoxybutene • Continuous air oxidation of butadiene • Multifunctional molecule • Potential availability of dozens of products

  9. Developed for coatings industry • Architectural coating value • Industrial/ maintenance area • Environmentally safe system

  10. Dual ovenable plastic • Freezable plastic • Only branded packaging program in the food industry

  11. QUESTIONS?

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