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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Eastman Chemical Co | NYSE:EMN | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.73 | 1.92% | 91.76 | 92.17 | 88.88 | 89.33 | 2,504,087 | 01:00:00 |
From Dec 2019 to Dec 2024
South Korea's SK Chemicals Co. (006120.SE) said Thursday that it has signed a preliminary deal with U.S.-based Eastman Chemical Co. (EMN) to set up a joint venture, according to Yonhap News Agency.
The joint venture, to be named Eastman Fibers Korea Ltd., will build a plant with annual capacity of 2,700 metric tons of cellulose acetate tow, a raw material used primarily in cigarette filters, Yonhap said.
The plant is scheduled to be built in the city of Ulsan, 414 kilometers southeast of Seoul, sometime between early this year and the second half of next year, it said.
Eastman will hold an 80% stake in the joint venture with SK Chemicals owning the remainder, it said.
-By Seoul Bureau, Dow Jones Newswires; 822-2198-2230; djnews.seoul@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
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