SOURCE: Industrial Info Resources

Industrial Info Resources

February 02, 2011 05:30 ET

Eastman Chemical Sees Companywide Gains in Fourth-Quarter, Full-Year 2010, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 2, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Chemical, fiber and plastics manufacturer Eastman Chemical Company (NYSE:EMN) (Kingsport, Tennessee) saw strong results for fourth-quarter and full-year 2010, thanks largely to higher sales volumes and increased selling prices. Net income for the quarter was $19 million, compared with a net loss of $32 million in the same period in 2009, and $438 million for the full year, compared with $136 million for 2009.

Industrial Info is tracking 13 active Eastman projects in the U.S. that are worth a total of $356 million, including a $50 million debottlenecking and expansion at a chemical plant in Longview, Texas. For more information, visit Industrial Info's North American Chemical Processing Project Database.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=172894, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo