KINGSPORT, TN - The Eastman Chemical Co. has completed the sale of its European PET and PTA assets to Indorama. Included in the sale are Eastman’s PET facility and related businesses in the UK and its PET and PTA facilities and related businesses in the Netherlands.

“This transaction completes Eastman’s divestitures of its non-strategic PET and PTA assets located outside the U.S.,” said Gregory O. Nelson, Eastman Executive Vice President and Polymers Business Group Head.