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VOL. 126 | NO. 248 | Wednesday, December 21, 2011

Tenn.-Based Eastman Chemical Touts China as Key Partner

AP

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KINGSPORT, Tenn. (AP) – Executives at Kingsport, Tenn.-based Eastman Chemical Co. say China is a key role in the company's growth.

Eastman on Monday broke ground on a facility to produce acetate tow in Heifei, China. The plant, a joint venture with China National Tobacco Corp., is projected to be operational in mid-2013. Acetate tow is a raw material used for cigarette filters and other purposes.

Eastman did not say in a news release how many people will be employed at the plant.

Eastman employs some 10,000 people around the world.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 90 90 9,968
MORTGAGES 90 90 12,965
FORECLOSURE NOTICES 35 35 2,573
BUILDING PERMITS 154 154 23,678
BANKRUPTCIES 70 70 9,603
BUSINESS LICENSES 9 9 3,612
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