Eastman Chemical Company is a global specialty materials company that develops and produces a diverse range of innovative products found in everyday items. Established in 1920, the company initially focused on manufacturing chemicals for Kodak's photographic needs. Over the years, Eastman has transformed into a major player in specialty chemicals, operating through four main segments: Advanced Materials, Additives & Functional Products, Chemical Intermediates, and Fibers. Their operational footprint includes 36 manufacturing facilities worldwide, supporting a commitment to safety and sustainability while delivering differentiated products to meet diverse customer needs.
The company's business strategy revolves around an innovation-driven growth model that leverages its substantial investment in technology platforms, resulting in unique, sustainable product offerings. This strategic focus has enabled Eastman to engage with customers directly, fostering collaborative applications that address market complexities. Additionally, the company has expanded through targeted acquisitions and a portfolio restructuring since 2004, aiming to concentrate on specialty chemicals rather than commodities, which has positioned it favorably within niche markets globally.