Thursday, December 06, 2007

Eastman completes sale of PET polymers business

Eastman Chemical Company has completed the sale of its PET polymers business related to its manufacturing sites in Cosoleacaque, Mexico and Zarate, Argentina, to ALFA, S.A.B. de C.V., a Mexican industrial company. Terms of the sale were not disclosed. This transaction is part of Eastman's strategy to improve the overall financial performance of its PET polymers business.

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