Eastman Chem Co Stock Price, News & Analysis

Eastman and Sealed Air have partnered to develop certified compostable protein trays as an eco-friendly alternative to polystyrene trays. The tray, made from sustainable materials, is designed for industrial food packaging equipment, showcasing a commitment to circular economy principles. It has received certifications for both home and industrial compostability, marking a significant step towards reducing plastic waste in the food industry.

Eastman's Solus™ performance additives provided a safer alternative for a toy manufacturer facing compliance concerns in the EU market. By replacing nitrocellulose with Solus™, the manufacturer maintained market presence and improved coating performance. Eastman's expertise ensured regulatory compliance without compromising quality.

The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable on July 9, 2024, to stockholders of record as of June 17, 2024. Eastman, founded in 1920, is a global specialty materials company focused on enhancing the quality of life through innovative products in various sectors. The company's 2023 revenue was approximately $9.2 billion, and it employs around 14,000 people worldwide.

Eastman Chemical Company (EMN) announced the results of the 2024 Annual Meeting Stockholder Vote, where directors were reelected, the appointment of the independent registered public accounting firm was ratified, and the compensation of executive officers was approved. The proxy statement containing detailed information is available online. Eastman is a global specialty materials company focusing on innovation, safety, and sustainability, with 2023 revenue of approximately $9.2 billion.

Eastman's employee, Tiemen Noordam, is using his strategic planning skills from work to prepare for a 200-kilometer speedskating tour, emphasizing determination and long-term planning. Noordam's training regimen and supply planning expertise at Eastman have helped optimize product inventory, ensuring efficiency and customer satisfaction. The team's commitment to a yearly physical challenge also aims to raise funds for a Dutch nonprofit organization dedicated to ending childhood cancers.

Eastman and Axilone collaborated to design a recyclable and refillable lipstick packaging solution using Eastman Cristal(TM) Renew PET resin to reduce environmental impact. The new design supports the circular economy, offers 100% recycled content, and ensures compatibility with PET recycling streams.