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Eastman Chemical completes polymer business sale in Spain

Eastman Chemical completes polymer business sale in Spain

Eastman Chemical Co. announced Wednesday it has completed the sale of its PET polymers manufacturing assets in Spain and the related polyester resin business.
Eastman Chemical Iberia in San Roque, Spain, was sold to La Seda de Barcelona. Terms of the sale, agreed to in February, have not been released.
Eastman is a global maker of chemicals, plastics and fibers. La Seda produces and distributes synthetic and artificial fabrics and yarns such as polyester, polythene and viscose.
"This transaction is a major step forward as we implement our strategy to improve the overall financial performance of our PET polymers business," Gregory O. Nelson, Eastman's executive vice president and polymers business group head, said in a statement.


Updated : 2021-04-22 01:55 GMT+08:00