Eastman opens new subsidiary in India as part of global growth strategy

25-Aug-11

As part of its global growth strategy, US based Eastman Chemical Company has opened a new subsidiary, Eastman Chemical India Pvt. Ltd. in Mumbai, as per Chemical Weekly. Commenting on the move, Mr. Edwin Williamson, Vice President and MD, Asia Pacific, said "Over the past few years, China has been our primary growth market but we need, now, to enhance also our presence in India. We are already present in Mumbai with local employees and technical support, but this new legal status will better enable the company to pursue our growth objectives in India." "Eastman Chemical India Pvt. Ltd. represents Eastman's renewed commitment to India and will serve as a platform for adding new talent and pursuing organic growth," noted Chandrasekharan Krishnan, Country Manager for India.