Industry News

Eastman Chemical Delays Spin-off

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Eastman Chemical Company recently announced that it has delayed the planned spin-off of its specialty chemicals and plastics business due to adverse market conditions and the lack of near-term visibility.      The company currently expects to review the environment for the spin-off in the middle of 2002, pending improvement in the global economic outlook.      Sustained weakness in the global economy has caused a tightening in the financial markets, deterioration in the company’s main busi...

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