Eastman Chemical Company has announced a plan to further consolidate its resins manufacturing for the coatings, adhesives and graphic arts businesses. The company said its subsidiary, Lawter International, will close its facility at Moundville, AL, and move production to more strategic manufacturing sites.
Earnest W. Deavenport Jr., chairman and chief executive officer, said the action is part of the company’s previously announced strategic plan to improve earnings and position Eastman for future growth.
“We’re continuing to work toward optimizing our current capacity in a way that will better serve our customers, reduce our costs and improve our earnings,” Mr. Deavenport said.
Lawter produces resins for the graphic arts, coatings and adhesives industries at the Moundville site. Those products include hydrocarbon, rosin ester, polyamide, polyketone and acrylic resins.
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