EMN - Eastman Chemical Running In Place (Rating Downgrade)
2024-07-10 08:30:00 ET
Summary
- Eastman Chemical is a $11.1 billion market cap specialty chemicals company offering a 3.4% dividend.
- The company’s new focus is on molecular (plastic) recycling. It has just opened a plant in Tennessee and received a US government grant to build one in Texas.
- Eastman’s second-largest number of plants are in high-cost Europe (nine). However, it is geographically diversified with 16 US plants and several in Asia and Latin America.
Eastman Che mical ( EMN ) is a specialty chemicals and materials innovation company that operates in four segments: Advanced Materials, Additives and Functional Products, Chemical Intermediates, and Fibers. It is headquartered in Tennessee but has plants in twelve countries and competes with many other chemicals companies.
The company’s market capitalization is 11% higher than a year ago. Its dividend yield is 3.4%....
Eastman Chemical Running In Place (Rating Downgrade)