Eastman Anticipates No Impact to Community or Environment as a Result of Unplanned Shutdown at Kingsport Site

By GlobeNewswire,  June 04, 2014, 07:20:00 PM EDT


No injuries reported as company works to restart operations

KINGSPORT, Tenn., June 4, 2014 - Eastman Chemical Company (NYSE:EMN) experienced a widespread power disruption that resulted in an unplanned shutdown at its plant in Kingsport, Tenn. No personnel were injured and the company anticipates no impact to human health or the environment.

The company is in the process of conducting a safe and orderly restart, and is assessing the potential business and financial impacts of the shutdown.

Eastman is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in approximately 100 countries and had 2013 revenues of approximately $9.4 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,000 people around the world. For more information, visit www.eastman.com.

# # #



Contacts:

Media:  Tracy Kilgore

423-224-0498 / tjkilgore@eastman.com

Investors:  Greg Riddle

212-835-1620 / griddle@eastman.com







This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Eastman Chemical Company via Globenewswire

HUG#1790850



This article appears in: News Headlines

Referenced Stocks: EMN


Latest News Video





Most Active by Volume

Company Last Sale Change Net / %
BAC $ 15.52 unch
AAPL $ 94.72 0.78 ▲ 0.83%
FCEL $ 2.47 0.26 ▲ 11.76%
INTC $ 34.7901 0.73 ▲ 2.14%
FB $ 69.27 0.13 ▼ 0.19%
RAD $ 7.28 0.19 ▲ 2.68%
MSFT $ 44.83 0.01 ▼ 0.01%
GE $ 26.02 0.04 ▲ 0.15%

As of 7/22/2014, 04:03 PM