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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 This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 56 437 16,061
MORTGAGES 76 508 18,556
FORECLOSURE NOTICES 8 56 2,461
BUILDING PERMITS 241 876 33,390
BANKRUPTCIES 64 301 10,314
BUSINESS LICENSES 15 125 5,303
UTILITY CONNECTIONS 17 125 6,273
MARRIAGE LICENSES 19 98 3,511