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- W2283176761 abstract "IN A MOVE MEANT TO IMPROVE the focus of its businesses and make its operations more transparent to Wall Street, Eastman Chemical is splitting itself in two. One company will encompass Eastman's specialty chemicals businesses, whose value, executives say, was previously hidden from investors. The other will encompass its polyethylene terephthalate (PET) resin and acetate fibers operations. But Earnest W. Deavenport Jr., 62, Eastman's chairman and CEO, also describes the move as a response to the challenge that we have had over the past several years of trying to run two different types of companies within the same company, noting that Eastman also considered divestitures. The specialty chemicals company will include coatings, adhesives, ink raw materials, and specialty plastics, in addition to Eastman's 40% interest in Genencor. It will also include the firm's investments in digital business ventures such as ShipChem. In 2000, these businesses generated revenues of roughly $3 billion. The specialty chemi..." @default.
- W2283176761 created "2016-06-24" @default.
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- W2283176761 date "2001-02-12" @default.
- W2283176761 modified "2023-10-17" @default.
- W2283176761 title "EASTMAN CHEMICAL SPLITS IN TWO" @default.
- W2283176761 doi "https://doi.org/10.1021/cen-v079n007.p008" @default.
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