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news.Eastman Chemical has completed the acquisition of Tongxiang Xinglong Fine Chemical, a cellulose-based specialty polymers manufacturing facility, located near Shanghai, China. The acquisition will support Eastman’s Coatings, Adhesives, Specialty Polymers and Inks segments.
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It will specifically facilitate Eastman’s Ensure product line, by providing additional capacity to meet the growing demand in China. Similar to Eastman’s other cellulose esters, Ensure has approximately 60% bio-renewable content and is used in a variety of end-market applications, such as coatings for packaging and consumables.
Brian Yoon, regional business director of Asia Pacific at Eastman Chemical, said: “This is an exciting addition to our specialty polymers product lines that reinforces Eastman’s commitment to sustainably-advantaged products like Ensure. Not only will this additional capacity allow us to grow with our customers in China, but it will allow us to free-up capacity at our facility in Kingsport, Tenn., to meet the growing demand for our other cellulose-based specialty polymers worldwide.”