Posts Tagged ‘Solutia’

Eastman’s Yearly Financial Results Up from 2014, Q4 Down

Feb 10th, 2016

Eastman Chemical Company recently announced its fourth-quarter (Q4) and yearly financial results for 2015. While sales were up for the year, they were down in Q4. “We delivered our sixth consecutive year of solid earnings growth and record cash from operations in 2015,” says Mark Costa, chairman and CEO. “We benefitted from volume growth in […]

Eastman Board Appoints Mark Costa as President and CEO

May 15th, 2013

Eastman Chemical Co. has announced its board of directors has appointed executive vice president Mark J. Costa president effective immediately and CEO effective January 1, 2014. The board also appointed Costa to serve as a director, effective immediately, until the Annual Meeting of Stockholders in 2014. James P. Rogers will continue to serve as chairman […]

Eastman Announces Completion of Asia Pacific Technical Center

May 9th, 2013

Eastman Chemical Co., manufacturer of LLumar Window Film, has announced the completion of its Asia Pacific Technical Center in Singapore. The technology center, which initially opened in 1997, has added technological capabilities for chemical research and development as well as a laboratory redesign aimed at energy savings up to 50 percent. “The enhanced technology center […]

Eastman Releases First-Quarter Financial Results

May 1st, 2013

Kingsport, Tenn.-based Eastman Chemical Co. recently released its earnings report for the first quarter of 2013 (Q1). According to the report, sales revenue for Q1 was $2.3 billion, a 27-percent increase compared with the first quarter of 2012. Q1 included sales revenue from the acquired Solutia businesses. Pro forma combined sales revenue declined 1 percent. […]

EnerLogic Wins Technology of the Year Award

Mar 27th, 2013

Solutia Inc., an Eastman Chemical Co. subsidiary, has announced its EnerLogic® VEP35 low-E window film has won the Association of International Metallizers, Coaters and Laminators (AIMCAL) Technology of the Year award. “We are honored to have received the 2013 AIMCAL Technology of the Year award. This award recognizes the significance of the technological advances found […]

Solutia Acquisition Will Increase Growth Rate for Eastman in Asia Pacific

Feb 2nd, 2012

by Sahely Mukerji, Eastman Chemical Co. officials consider the recent acquisition of Solutia Inc. of St. Louis, an important step in Eastman’s strategy to extend its global presence in emerging markets, in particular in Asia Pacific, says Tracy Broadwater, corporate communications manager of Eastman. “By leveraging infrastructure in the region, Eastman expects to have […]

Change, Meet My Friend Denial

Feb 2nd, 2012

I wouldn’t say I despise change, but I certainly am the type of person who needs time to adjust. This has become clear to me this week as I avoided SportsCenter and tried to ignore all news stories pertaining to one person in particular. You see, I am a big Peyton Manning fan. I graduated […]

Eastman to Acquire Solutia *Updated

Jan 27th, 2012

by Sahely Mukerji, Officials at Eastman Chemical Co. of Kingsport, Tenn., and Solutia Inc. of St. Louis, have entered into a definitive agreement, under which Eastman will acquire Solutia. Under the terms of the agreement, Solutia stockholders will receive $22 in cash and 0.12 shares of Eastman common stock for each share of Solutia […]

Performance Films Distributing Moves Forward with Distributorship Agreement

Jan 5th, 2012

There is much in store for 2012 at Performance Films Distributing. With the late 2011 announcement of the renewal of the company’s distributorship agreement with Solutia, 2012 is off to a strong start for the company. “We are extremely happy that Solutia has renewed the agreement,” says Bo Ryan, vice president of Performance Films Distributing. […]

Industry Responds to Solutia’s Acquisition of Southwall Technologies

Oct 20th, 2011

The window film industry has been talking about the implications of Solutia’s acquisition of Southwall Technologies. Solutia will gain Southwall’s XIR® Technology, used in VKool films and all of the company’s manufacturing capabilities for window film production. Solutia will also now be offering a new product where film is “encapsulated between Saflex® polyvinyl butyral interlayers […]