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Eastman Chemical (EMN) Company Profile

Updated Sep 9, 2019
Eastman Chemical has the following business profile:
Company's Full Name:Eastman Chemical
Short Name:Eastman Chemical
Trading Ticker Symbol:EMN
Primary Exchange:NYSE
Headquarter City/Country:Kingsport, Tennessee
Primary Industry Sector:Basic Industries
Seconday Sub-sector:Major Chemicals
Main Business Areas: Basic Industries, Major Chemicals, Basic Materials, Chemicals
Dividend Payments:Dividend History

Market and Trading Information for Eastman Chemical

The following details were available for trading and market data about the stock of Eastman Chemical as of writing:
Current Share Price:$70.46
Previous Year's Closing Price:$73.11
Percentage Price Change (YTD):-3.62%
Market Cap:$9.27 billion
52-week Price Range:$61.22 - $100.51
Dividend Per Share:$2.42
EPS (TTM):6.5
Price-Earnings (Trailing):10.85
Price-Earnings (Forward):8.22

Company Profile and Business Description for Eastman Chemical

Eastman Chemical Company (Eastman), incorporated on July 29, 1993, is an advanced materials and specialty additives company that produces a range of advanced materials, specialty additives, chemicals, and fibers found in items people use every day. The Company operates through four segments: Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. As of December 31, 2016, the Company had 49 manufacturing sites and equity interests in six manufacturing joint ventures in 14 countries that supplied products to customers throughout the world.

Additives & Functional Products Segment

In the AFP segment, the Company manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets. Its products include Coatings and Inks Additives, such as Polymers, Eastman Tetrashield, Texanol, Optifilm, ketones and oxo alcohols; Adhesives Resins, such as Piccotac, Regalite, Eastotac and Eastoflex; Tire Additives, such as Crystex, Santoflex and Impera; Care Chemicals Additives, such as Alkylamine Derivatives; Specialty Fluids, such as Therminol, Skydrol and Eastman SkyKleen; Animal Nutrition, such as Formic acid solutions, and Crop Protection, such as Alkylamine derivatives.

The Company competes with BASF SE, The Dow Chemical Company, Oxea, Celanese Corporation, Alternative technologies, Exxon Mobil Corporation, Kolon Industries, Inc., Oriental Carbon & Chemicals Limited, Shikoku Chemicals Corporation, Jiangsu Sinorgchem Technology Co, Ltd., Korea Kumho Petrochemical Co. Ltd., Lanxess AG

Cray Valley Hydrocarbon Specialty Chemicals, Exxon Mobil Corporation, Kolon Industries Incorporated, Huntsman Corporation, Perstorp, Luxi Chemical Group, Feicheng Acid Chemicals, Argo-Kanesho Co Ltd and Bayer.

Advanced Materials Segment

In the AM segment, the Company produces and markets its polymers, films, and plastics with differentiated performance properties for end uses in transportation, consumables, building and construction, durable goods, and health and wellness products. Technology platforms for this segment include cellulose esters, copolyesters, and polyvinyl butyral (PVB) and polyester films. The performance films product line primarily consists of window film products, which are aftermarket applied films used in automotive and architectural glass. The Company's product lines in AM segment include Specialty Plastics, Advanced Interlayers and Performance Films. The Company's Specialty Plastics products include Eastar copolyesters, Eastman Tritan copolyester, Eastman Visualize Material, Eastman Embrace copolyester, Eastman Spectar copolyester, Eastman Aspira family of resins and Flexvue. The interlayers product line includes specialty intermediate PVB sheet and resins. PVB is a specialty resin used in the production of laminated safety glass sheet used in automotive and architectural applications. The Company's Interlayers products include Saflex and Saflex Q Series. The specialty plastics product line consists of two primary products: specialty copolyesters and cellulose esters. The Company's Performance Films products include LLumar, SunTek, V-KOOL and Gila.

The Company competes with Covestro, Trinseo, Evonik Industries AG, Saudi Basic Industries Corporation, Mitsubishi Chemical Corporation, S.K. Chemical Industries, Sichuan Push Acetati Company Limited, Daicel Chemical Industries Ltd, Sekisui Chemical Co., Ltd., Kuraray Co., Ltd, 3M Company, Saint-Gobain S.A. and Garware Chemicals Limited.

Chemical Intermediates

The CI segment leverages large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support its specialty operating segments. The CI segment sells excess intermediates beyond its specialty needs for use in markets, such as industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its technology platforms include acetyls, oxos, plasticizers, polyesters, and alkylamines. Its products include Intermediates, such as oxo alcohols and derivatives, acetic anhydride, ethylene, glycol ethers and esters; Plasticizers, such as Eastman 168, Eastman DOP, Benzoflex, Eastman TXIB and Eastman Effusion, and Functional Amines, such as alkylamines.

The Company competes with Lyondell Bassell, BASF SE, The Dow Chemical Company, Oxea, BP plc, Celanese Corporation, Lonza, Flint Hills Resources, Exxon Mobil Corporation, LG Chem, Ltd., Emerald Performance Materials, Chemours and U.S. Amines.

Fibers Segment

In the Fibers segment, the Company manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers for use primarily in the manufacture of cigarette filters; Estron natural (undyed) and Chromspun 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. The Company's product lines in Fibers segment include Acetate Tow, Acetate Yarn and Acetyl Chemical Products.

The Company competes with Celanese Corporation, Solvay S.A., Daicel Corporation, Mitsubishi Rayon Co. Ltd., UAB Dirbtinis Pluostas, Industrias del Acetato de Celulosa S.A., Mitsubishi Rayon Co. Ltd., Jiangsu Ruijia Chemistry Co., Ltd. and Polynt SPA.

200 S Wilcox Dr,

Peer / Competitor Companies of Major Chemicals Sector

Along with Eastman Chemical, the following other peer (competitor) companies also exist within the same Major Chemicals - Basic Industries sector whose company profile and dividend history is as follows:

▶ A. Schulman (SHLM): A. Schulman, Inc., incorporated on August 20, 1969, is an international supplier of plastic formulations, resins and services, and provides solutions to its customers requirements through custom-formulated products. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Advanced Emissions (ADES): Advanced Emissions Solutions, Inc., together with its subsidiaries, provides emission reduction technologies and associated specialty chemicals in the United States. It operates through two segments, Refined Co....See Detailed Company Profile  and Dividend History.

▶ AdvanSix (ASIX): AdvanSix Inc. manufactures and sells polymer resins. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company al....See Detailed Company Profile  and Dividend History.

▶ Aemetis (AMTX): Aemetis, Inc., incorporated on October 24, 2006, is an international renewable fuels and biochemicals company. The Company is focused on the production of fuels and chemicals through the acquisition, development ....See Detailed Company Profile  and Dividend History.

▶ Air Products and Chemicals (APD): Air Products and Chemicals, Inc., incorporated on May 25, 1961, is an industrial gases company. The Companys Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing ....See Detailed Company Profile  and Dividend History.

▶ Albemarle (ALB): Albemarle Corporation, incorporated on November 24, 1993, is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties ....See Detailed Company Profile  and Dividend History.

▶ Amyris (AMRS): Amyris, Inc., incorporated on April 15, 2010, is an integrated industrial biotechnology company. The Company is engaged in research and development and sales of fuels and farnesene-derived products. The Company ....See Detailed Company Profile  and Dividend History.

▶ Balchem (BCPC): Balchem Corporation (Balchem), incorporated on January 30, 1967, is engaged in the development, manufacture, distribution and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical and ....See Detailed Company Profile  and Dividend History.

▶ BioAmber (BIOA): BioAmber Inc. (BioAmber), formerly DNP Green Technology, Inc., incorporated on October 15, 2008, is an industrial biotechnology company, which produces sustainable chemicals. The Companys technology platform combines industrial biotechnology and ....See Detailed Company Profile  and Dividend History.

▶ Braskem (BAK): Braskem S.A. (Braskem), incorporated on January 12, 1972, produces thermoplastic resins. The Companys segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. Braskem is also ....See Detailed Company Profile  and Dividend History.

▶ Cabot (CBT): Cabot Corporation, incorporated on July 14, 1960, is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and ....See Detailed Company Profile  and Dividend History.

▶ Calgon Carbon (CCC): Calgon Carbon Corporation, incorporated on November 27, 1967, is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, ....See Detailed Company Profile  and Dividend History.

▶ Celanese (CE): Celanese Corporation (Celanese), incorporated on November 3, 2004, is a technology and specialty materials company. The Companys segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other ....See Detailed Company Profile  and Dividend History.

▶ Chemours (CC): The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Fluoroproducts, Chemical Solutions....See Detailed Company Profile  and Dividend History.

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▶ Codexis (CDXS): Codexis, Inc., incorporated on January 31, 2002, is a developer of biocatalysts for the pharmaceutical and fine chemicals markets. The Companys technologies enable scale-up and implementation of biocatalytic solutions for ....See Detailed Company Profile  and Dividend History.

▶ Delta Technology (DELT): Delta Technology Holdings Limited, incorporated on November 28, 2011, is a holding company. The Company is a chemical manufacturer, which is engaged in manufacturing and selling of organic compounds, including ....See Detailed Company Profile  and Dividend History.

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▶ Dow Chemical (DOW): The Dow Chemical Company (Dow), incorporated on June 11, 1947, is a manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services. ....See Detailed Company Profile  and Dividend History.

▶ Du Pont (DD): E. I. du Pont de Nemours and Company (DuPont), incorporated on September 4, 1915, is a science and technology-based company. The Companys subsidiaries and affiliates conduct manufacturing, seed production or ....See Detailed Company Profile  and Dividend History.

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