Business

Editor: Crayon Zhang
22 Sep 2008 04:14:13 GMT

Eastman Chemical Company (NYSE:EMN) will discontinue production of Eastman™ PET 5214A at the end of 2008.

Eastman PET 5214A is a PET resin commonly sold to customers for use in the pharmaceutical industry. Consistent with previous announcements, Eastman will be exiting this PET product to further rationalize capacity, restructure assets, and enable growth in its specialty copolyester business.

Current customers were notified on July 31, 2008, and are being provided further details from their Eastman sales representatives.

About Eastman Chemical Company
Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is a major supplier of cellulose acetate fibers; and produces PET polymers for packaging. As a Responsible Care® company, Eastman is committed to achieving the highest standards of health, safety, environmental and security performance. Founded in 1920 and headquartered in Kingsport, Tenn., Eastman is a FORTUNE 500 company with 2007 sales of $6.8 billion and approximately 10,500 employees.

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