Eastman Chemical Company has entered into an agreement for the sale of Eastman Chemical Iberia, S.A., located in Spain, to La Seda de Barcelona, S.A. The sale includes Eastman's PET polymers manufacturing assets in Spain and the related polyester resins business and is subject to competition authority approvals in Spain. This step is in line with Eastman's policy to take strategic actions to address its non-integrated PET polymers assets outside the United States, to improve the overall financial performance of our PET polymers business."
The sale of the San Roque site could change the previously reported decision to permanently shut down the site. It does not impact Eastman's previously announced decision to shut down its CHDM manufacturing assets at the site.
21-Feb-07 
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