Eastman breaks ground on new acetate tow plant in China
KINGSPORT, Tenn. — Eastman Chemical Company today broke ground on a new facility to produce acetate tow in Heifei, China, according to a press release.
The new plant is owned and will be operated by Eastman Shuangwei Fibers Company Limited (ESFCL), a joint venture with China National Tobacco Corporation, and will produce 30,000 metric tons of acetate tow upon completion.
The facility, which represents the company''s first investment in the country for an acetate tow plant, is expected to be operational in mid-2013."Eastman has a long-standing relationship with China National Tobacco Corporation that spans more than 20 years," said Michael Chung, senior vice president of International Ventures and chairman of the board of ESFCL. "As partners in this new joint venture, I look forward to further strengthening our relationship and many more successful years together."