KINGSPORT, TN – Eastman Chemical Co. has completed the acquisition of Tongxiang Xinglong Fine Chemical Co. Ltd., a cellulose-based specialty polymers manufacturing facility located near Shanghai, China.
The acquisition will support Eastman’s Coatings, Adhesives, Specialty Polymers and Inks segment, specifically its Ensure™ product line, by providing additional capacity to meet the growing demand in China. Similar to Eastman’s other cellulose esters, Ensure™ has approximately 60 percent bio-renewable content and is used in a variety of end-market applications such as coatings for packaging and consumables.