Recent Insider Transactions • Aug 12
Insider recently sold Mex$4.0m worth of stock On the 4th of August, Adrian Holt sold around 3k shares on-market at roughly Mex$1,232 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought Mex$30m more than they sold in the last 12 months. Duyuru • Aug 07
Eastman Chemical Company Declares quarterly Dividend, Payable October 7, 2026 Eastman Chemical Company has declared a quarterly cash dividend of $0.84 per share on the company's common stock. The dividend is payable October 7, 2026, to stockholders of record as of September 15, 2026. Duyuru • Jul 09
Eastman Chemical Company to Report Q2, 2026 Results on Jul 30, 2026 Eastman Chemical Company announced that they will report Q2, 2026 results at 4:15 PM, US Eastern Standard Time on Jul 30, 2026 Duyuru • May 09
Eastman Chemical Company announces Quarterly dividend, payable on July 08, 2026 Eastman Chemical Company announced Quarterly dividend of USD 0.8400 per share payable on July 08, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. Duyuru • Apr 30
Eastman Launches Saflex Evoca Xir.Sr to Elevate Ev Sunroof Performance Eastman is launching Saflex Evoca XIR.SR, a next-generation infrared (IR)-reflective interlayer developed specifically for sunroofs in electric vehicles (EVs). Building on the 30-year XIR legacy, Eastman created the Evoca XIR.SR interlayer to reduce solar heat gain and offer a neutral, angle-stable reflected color. Engineered to keep vehicle cabins comfortable, the new interlayer helps reduce HVAC load and can improve battery and range efficiency. It is a high-performance solar control alternative to metal-coated glass. Evoca XIR.SR is now available globally. As EV interiors bring seats closer to sunroofs, occupants experience higher solar and thermal loads. Evoca XIR.SR reflects IR rays to lower total solar energy transmittance (TTS), helping to keep the cabin cooler and improve passenger comfort. The interlayer preserves optical clarity while delivering an angle-stable, neutral-gray reflection that eliminates the blue hue common in metal-coated glass. It offers design freedom for visible light transmission, haze and TTS to help designers balance daylighting, appearance and solar control. Key features and benefits of Saflex Evoca XIR.SR for panoramic sunroofs: Comfort — Lower solar heat gain to help keep cabins cooler and improve occupant comfort; Design flexibility — Supports flexible glass configurations while maintaining a consistent, neutral reflected color across glass types and viewing angles; Efficiency — Lowers TTS through the IR-reflective technology, helping ease HVAC load and supporting better range performance; actual range impact varies with driving profile, climate and usage; Manufacturability and supply chain advantages — Offers an IR-reflective alternative where metal-coated glass is not feasible, giving automotive glass suppliers a high-performance option that meets OEM requirements. Evoca XIR.SR is the latest addition to the Saflex Evoca portfolio. Developed by Eastman, Saflex Evoca brings next-generation design, efficiency and comfort to EVs. The interlayer can be configured alongside acoustic solar interlayers and a range of neutral grey colors to deliver enhanced performance. Eastman will be exhibiting at the Beijing International Automotive Exhibition, April 24 – May 3, 2026. Photos accompanying this announcement are available. Duyuru • Apr 09
Eastman Chemical Company to Report Q1, 2026 Results on Apr 30, 2026 Eastman Chemical Company announced that they will report Q1, 2026 results at 4:15 PM, US Eastern Standard Time on Apr 30, 2026 Duyuru • Mar 25
Eastman Chemical Company, Annual General Meeting, May 07, 2026 Eastman Chemical Company, Annual General Meeting, May 07, 2026. Duyuru • Feb 13
Eastman Chemical Company Declares Quarterly Dividend, Payable on April 8, 2026 Eastman Chemical Company Board of Directors has declared a quarterly cash dividend of $0.84 per share on the company's common stock. The dividend is payable April 8, 2026, to stockholders of record as of March 13, 2026. Duyuru • Jan 12
Eastman Chemical Company to Report Q4, 2025 Results on Jan 29, 2026 Eastman Chemical Company announced that they will report Q4, 2025 results at 4:15 PM, US Eastern Standard Time on Jan 29, 2026 Duyuru • Dec 05
Eastman Chemical Company Declares Increased Quarterly Dividend, Payable on January 8, 2026 The Board of Directors of Eastman Chemical Company has declared an increase in the quarterly cash dividend from $0.83 to $0.84 per share on its common stock. The dividend is payable January 8, 2026, to stockholders of record as of December 15, 2025. Duyuru • Oct 10
Eastman Chemical Company Announces Executive Changes Eastman Chemical Company announced that Chris M. Killian, Senior Vice President - Chief Technology and Sustainability Officer, has provided notice that he plans to retire at the end of the year due to family and health considerations, effective as of December 31, 2025. In light of Mr. Killian’s retirement and to ensure a smooth transition, Stephen G. Crawford, former Executive Vice President of Methanolysis Operations and Worldwide Engineering and Construction Transformation, has agreed to return to Eastman Chemical Company to provide leadership as Executive Vice President - Technology Projects, effective November 3, 2025. On January 1, 2026, Mr. Crawford will transition to the role of Executive Vice President - Chief Technology Officer and Chief Sustainability Officer. Mr. Crawford brings considerable experience, leadership and knowledge of the organization that will be critical through the transition. Duyuru • Oct 07
Eastman Chemical Company to Report Q3, 2025 Results on Nov 03, 2025 Eastman Chemical Company announced that they will report Q3, 2025 results at 4:15 PM, US Eastern Standard Time on Nov 03, 2025 Duyuru • Sep 22
Eastman Chemical Company(NYSE:EMN) dropped from FTSE All-World Index (USD) Eastman Chemical Company(NYSE:EMN) dropped from FTSE All-World Index (USD) Duyuru • Aug 08
Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on October 7, 2025 The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.83 per share on the company's common stock. The dividend is payable Oct. 7, 2025, to stockholders of record as of Sept. 15, 2025. Duyuru • Jul 02
Eastman Chemical Company to Report Q2, 2025 Results on Jul 31, 2025 Eastman Chemical Company announced that they will report Q2, 2025 results at 4:15 PM, US Eastern Standard Time on Jul 31, 2025 Duyuru • Jun 28
Eastman Chemical Company Appoints Damon Audia as New Director The Board of Directors of Eastman Chemical Compan has appointed Mr. Damon Audia as a director. Audia is Senior Vice President and Chief Financial Officer for AGCO Corporation, an $11.7 billion global leader in agricultural machinery and precision ag technology. Audia joined AGCO in 2022 as Chief Financial Officer. Prior to this, he held key financial leadership roles at Kennametal Inc., Carpenter Technology Corporation, and The Goodyear Tire & Rubber Company. Audia began his career in the automotive industry with Delphi Corporation and General Motors. He holds an MBA from Carnegie Mellon University and a bachelor’s degree in general studies from the University of Michigan. Duyuru • Jun 12
Eastman Launches Esmeri™ CC1N10, a Sustainable Beauty Breakthrough for Color Cosmetics Eastman announced the launch of Esmeri™ CC1N10, a high-performance, readily biodegradable* cellulose ester micropowder for color cosmetics. Sourced from sustainably managed forests, Esmeri is designed to meet stringent EU regulations for synthetic polymer microparticles that fully biodegrade and do not persist in the environment. Esmeri CC1N10 delivers a sustainable micropowder solution without compromising performance in color cosmetics. It offers a visually superior soft-focus optical effect, improved color intensity and payoff, and uniform coverage and sensorial experience in lipsticks, foundations and pressed powders. Designed for compatibility and stability, Esmeri is highly compatible with lipophilic cosmetic formulations and serves as a sustainable alternative to traditional microparticles.Leveraging over a century of expertise in cellulose esters technology, Eastman developed this ingredient to meet strict regulations while delivering superior performance. Esmeri CC1N10 is freshwater readily biodegradable, non-nano size and sustainably sourced from 63% wood pulp. It complies with the European Commission's regulation on synthetic polymer microparticles (Regulation EU 2023/2055) and is in alignment with the European Union's Zero Pollution Action Plan to reduce microplastics released into the environment by 30% by 2030. The unique properties of Esmeri CC1N10 enhance performance, resulting in a powder that optimally scatters light and fills in fine lines and wrinkles. This creates a smooth, even effect on skin across a variety of applications: Lipsticks have improved color intensity for a long-lasting, smoother application with greater evenness of coverage. Liquid foundations exhibit a desirable soft-focus and mattifying effect that diminishes imperfections for a smooth, even finish. Pressed powders display optimal compaction and desired pick-up that contribute to a beautiful, photo-finished appearance. Duyuru • May 14
SUQQU Launches Sustainable Make Make Makeup Compact with Eastman Cristal™ One SUQQU has unveiled a new setting powder housed in a compact crafted from Eastman Cristal™ One copolyester. Recognizing the need for a suitable alternative to acrylonitrile butadiene styrene (ABS) in the base plate of its compact, SUQQU partnered with Eastman. Together, the two companies identified that Cristal One not only filled SUQQU's rigorous functional criteria but also maintained a luxury aesthetic. This recyclable resin helped SUQQU offer its consumers a sustainable alternative in its iconic compact. Eastman's Cristal One portfolio provides an end-of-life solution for cosmetics brands. The specialty PET is recognized by both the Association of Plastic Recyclers (APR) and RecyClass as being compatible with the resin identification code 1 (RIC1) stream, which means it can go directly into most municipal recycling systems. As global sustainability regulations continue to evolve, SUQQU has designed its luxury compact to align with the European Commission's Packaging and Packaging Waste Regulations (PPWR) and is continuously working toward achieving full compliance. Cristal One enhances both the durability and aesthetics of cosmetics packaging. The copolyester demonstrates superior performance compared to other candidate materials, such as PET, particularly excelling in drop impact resistance after secondary processing. Cristal One also meets the stringent requirements of SUQQU's design and performance standards. It allows for perfect shape while providing a deep, glossy black finish that enhances the product's luxury appeal. This could not be done with the ABS the brand previously used. Duyuru • May 07
Eastman Chemical Company Announces Elimination of Executive Position, Effective June 2, 2025 Eastman Chemical Company announced that Steve Crawford, who transitioned from Executive Vice President, Manufacturing and Chief Sustainability Officer to Executive Vice President, Methanolysis Operations and Worldwide Engineering and Construction Transformation in January 2025, will have his position eliminated effective June 2, 2025. This decision is part of the company’s ongoing succession planning process. Following the effective date, Mr. Crawford’s operational responsibilities will be transitioned to other Eastman executives. The company determined that the elimination of this position constitutes a separation meriting receipt of severance consistent with the company’s customary severance practice for all employees. Duyuru • May 02
Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on July 8, 2025 The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.83 per share on the company's common stock. The dividend is payable July 8, 2025, to stockholders of record as of June 13, 2025. Duyuru • Apr 11
Eastman Chemical Company to Report Q1, 2025 Results on Apr 24, 2025 Eastman Chemical Company announced that they will report Q1, 2025 results at 4:15 PM, US Eastern Standard Time on Apr 24, 2025 Duyuru • Mar 24
Eastman Chemical Company, Annual General Meeting, May 01, 2025 Eastman Chemical Company, Annual General Meeting, May 01, 2025. Duyuru • Feb 14
Eastman Chemical Company Declares Quarterly Dividend, Payable on April 7, 2025 The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.83 per share on the company's common stock. The dividend is payable April 7, 2025, to stockholders of record as of March 14, 2025. Duyuru • Jan 09
Eastman Chemical Company to Report Q4, 2024 Results on Jan 30, 2025 Eastman Chemical Company announced that they will report Q4, 2024 results at 4:15 PM, US Eastern Standard Time on Jan 30, 2025 Duyuru • Dec 06
Eastman Chemical Company Increases Quarterly Cash Dividend, Payable on January 8, 2025 The Board of Directors of Eastman Chemical Company has declared an increase in the quarterly cash dividend from $0.81 to $0.83 per share on its common stock. The dividend is payable January 8, 2025, to stockholders of record as of December 16, 2024. Duyuru • Oct 03
Eastman Chemical Company to Report Q3, 2024 Results on Oct 31, 2024 Eastman Chemical Company announced that they will report Q3, 2024 results at 4:15 PM, Eastern Standard Time on Oct 31, 2024 Declared Dividend • Sep 05
Second quarter dividend of US$0.81 announced Shareholders will receive a dividend of US$0.81. Ex-date: 16th September 2024 Payment date: 7th October 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Aug 20
Eastman Chemical Company Appoints Iké Adeyemi as Senior Vice President, Chief Legal Officer and Corporate Secretary, Effective Sept. 9, 2024 Eastman Chemical Company announced that Iké Adeyemi will join the company on Sept. 9, 2024, and will serve as Senior Vice President, Chief Legal Officer and Corporate Secretary. Adeyemi joins Eastman from The Clorox Company, where she served as vice president, corporate secretary, and associate general counsel since December 2020. In this role, she led a broad team of legal professionals and oversaw legal support for corporate, finance, tax and treasury matters, corporate governance, SEC reporting, ethics & compliance, global trade compliance, and enterprise risk management, among other responsibilities. Prior to joining Clorox, Adeyemi was the head of legal, corporate/M&A at BHP Billiton, a leading natural resources company, based in London. She advised senior leadership on a diverse range of cross-border corporate matters, with a primary focus on international public and private M&A transactions, including divestments, spinoffs, acquisitions, and joint ventures. She joined BHP Billiton in 2011 and was promoted to head of legal, corporate/M&A in 2018. Earlier in her career, Adeyemi also worked at the law firms of Skadden, Arps, Slate, Meagher & Flom in the U.S. and White & Case LLP in London. Adeyemi holds a J.D. from Harvard Law School and an A.B. in History from Harvard University. Duyuru • Aug 02
Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on Oct. 7, 2024 The Board of Directors of Eastman Chemical Company declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable Oct. 7, 2024, to stockholders of record as of Sept. 16, 2024. Duyuru • Jul 26
Eastman Chemical Company Provides Earnings Guidance for the Year 2024 Eastman Chemical Company provided earnings guidance for the year 2024. The company expects 2024 EPS to be between $7.40 and $7.85. Duyuru • Jul 04
Eastman Chemical Company to Report Q2, 2024 Results on Jul 25, 2024 Eastman Chemical Company announced that they will report Q2, 2024 results at 4:15 PM, US Eastern Standard Time on Jul 25, 2024 Duyuru • Jun 02
Eastman Chemical Company Appoints Donald W. Slager as Director and Member of Audit Committee, Finance Committee, and Environmental, Safety and Sustainability Committee The Board of Directors of Eastman Chemical Company, on May 27, 2024, has elected Mr. Donald W. Slager as a director to serve until the Company’s 2025 Annual Meeting of Stockholders. He has been appointed to serve as a member of the Audit Committee, the Finance Committee, and the Environmental, Safety and Sustainability Committee of the Board. Slager is the former Chief Executive Officer for Republic Services Inc. Slager retired as CEO of Republic Services Inc., in 2021, after serving in that role since 2011. He joined the company in 2008 as President and Chief Operating Officer, following the merger with Allied Waste Industries Inc., where he held the same position. Slager started his career in the environmental services industry in 1980 at Waste Management Inc., and went on to hold various leadership roles at National Waste Services Inc., before its merger with Allied. In addition to his position on Eastman’s Board of Directors, Slager currently serves on the board of Martin Marietta Materials Inc., a leading supplier of construction aggregates and heavy building materials. Duyuru • May 03
Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on July 9, 2024 The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable July 9, 2024, to stockholders of record as of June 17, 2024. Duyuru • Apr 05
Eastman Chemical Company to Report Q1, 2024 Results on Apr 25, 2024 Eastman Chemical Company announced that they will report Q1, 2024 results at 4:15 PM, US Eastern Standard Time on Apr 25, 2024 Duyuru • Mar 22
Eastman Chemical Company, Annual General Meeting, May 02, 2024 Eastman Chemical Company, Annual General Meeting, May 02, 2024, at 11:30 Eastern Daylight. Agenda: To elect directors; to ratify appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the Year Ending December 31, 2024; and to consider other matters. Duyuru • Feb 15
Charles K. Stevens to Not Stand for Re-Election to the Board of Eastman Chemical Company On February 13, 2024, Charles K. Stevens III notified the Board of Directors of Eastman Chemical Company that he would not stand for re-election to the Board upon the completion of his current term, which expires at the company's 2024 Annual Meeting of Stockholders. Duyuru • Feb 14
Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on April 5, 2024 The board of directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable April 5, 2024, to stockholders of record as of March 15, 2024. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: US$7.54 (vs US$6.42 in FY 2022) Full year 2023 results: EPS: US$7.54 (up from US$6.42 in FY 2022). Revenue: US$9.21b (down 13% from FY 2022). Net income: US$894.0m (up 13% from FY 2022). Profit margin: 9.7% (up from 7.5% in FY 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Chemicals industry in South America. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Jan 12
Eastman Chemical Company to Report Q4, 2023 Results on Feb 01, 2024 Eastman Chemical Company announced that they will report Q4, 2023 results at 4:15 PM, US Eastern Standard Time on Feb 01, 2024 Duyuru • Dec 07
Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on January 5, 2024 The Board of Directors of Eastman Chemical Company has declared an increase in the quarterly cash dividend from $0.79 to $0.81 per share on its common stock. The dividend is payable January 5, 2024, to stockholders of record as of December 18, 2023. Duyuru • Dec 02
INEOS Acetyls Americas Ltd completed the acquisition of Texas City Operations of Eastman Chemical Company (NYSE:EMN). INEOS Acetyls Americas Ltd entered into a definitive agreement to acquire Texas City Operations of Eastman Chemical Company (NYSE:EMN) for approximately $490 million on September 27, 2023. The total sale price of $490 million consists of approximately $415 million cash at closing and the remainder in equal installments on the first and second anniversaries of the closing. As of October 27, 2023, the total sales price includes $413 million in cash at closing and an additional $38.5 million to be paid on each of the first and second anniversaries of the closing date of the transaction. The final purchase price is subject to working capital and other adjustments at closing. Proceeds from the divestiture in the near term are expected to be used for debt repayment. Eastman will retain ownership of its plasticizer business at the site, which INEOS will operate for Eastman as part of this agreement. The transaction is subject to regulatory approvals and satisfaction of other customary closing conditions, is expected to be completed in the fourth quarter of 2023. Phillip Oldham, Eric Zabinski, Alex Anderson, Jeff Walbridge, Kim Williams, Adit Khorana, John Rousakis, John Renneisen, Austin Elder, David Ribner, and Scott Gleason of O'Melveny & Myers LLP acted as legal advisor to INEOS Acetyls Americas Ltd. Bill Rowland of Jones Day acted as legal advisor for Eastman.
INEOS Acetyls Americas Ltd completed the acquisition of Texas City Operations of Eastman Chemical Company (NYSE:EMN) on December 1, 2023. The total sale price of $490 million consists of approximately $415 million cash at closing and the remainder in equal installments on the first and second anniversaries of the closing. The final purchase price is subject to working capital and other customary post-closing adjustments. Proceeds from the divestiture in the near term are expected to be used for debt repayment. Duyuru • Oct 28
Eastman Chemical Company Provides Earnings Guidance for the Full-Year 2023 Eastman Chemical Company provided earnings guidance for the full-year 2023. For the period, the expect 2023 EPS to be between $6.30 and $6.50. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$1.50 (vs US$2.49 in 3Q 2022) Third quarter 2023 results: EPS: US$1.50 (down from US$2.49 in 3Q 2022). Revenue: US$2.27b (down 16% from 3Q 2022). Net income: US$178.0m (down 41% from 3Q 2022). Profit margin: 7.9% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in South America. Duyuru • Oct 05
Eastman Chemical Company to Report Q3, 2023 Results on Oct 26, 2023 Eastman Chemical Company announced that they will report Q3, 2023 results at 4:30 PM, US Eastern Standard Time on Oct 26, 2023 Duyuru • Sep 29
INEOS Acetyls Americas Ltd entered into a definitive agreement to acquire Texas City Operations of Eastman Chemical Company (NYSE:EMN) for approximately $490 million. INEOS Acetyls Americas Ltd entered into a definitive agreement to acquire Texas City Operations of Eastman Chemical Company (NYSE:EMN) for approximately $490 million on September 28, 2023. The total sale price of $490 million consists of approximately $415 million cash at closing and the remainder in equal installments on the first and second anniversaries of the closing. Proceeds from the divestiture in the near term are expected to be used for debt repayment. Eastman will retain ownership of its plasticizer business at the site, which INEOS will operate for Eastman as part of this agreement. The transaction is subject to regulatory approvals and satisfaction of other customary closing conditions, is expected to be completed in the fourth quarter of 2023. Duyuru • Aug 04
Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on Oct. 6, 2023 The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.79 per share on the company's common stock. The dividend is payable Oct. 6, 2023, to stockholders of record as of Sept. 15, 2023. Duyuru • Jul 07
Eastman Chemical Company to Report Q2, 2023 Results on Jul 27, 2023 Eastman Chemical Company announced that they will report Q2, 2023 results at 4:15 PM, US Eastern Standard Time on Jul 27, 2023 Duyuru • May 09
Eastman Chemical Company Announces the Appointment of Adrian Holt as Chief Human Resources Officer Eastman Chemical Company announced the appointment of Adrian Holt as Chief Human Resources Officer following the retirement of Perry Stuckey. Holt currently serves as Vice President, Global Talent Acquisition and Human Resources. His appointment is effective immediately. With more than 20 years of HR experience, Holt has played a pivotal role in developing and implementing impactful people programs and strategies since joining Eastman in 2016. In his current role, he heads the company's international team of nearly 200 HR professionals across 60 manufacturing, sales, and research locations. Before joining Eastman, Holt held HR leadership positions of increasing responsibilities at companies such as BASF and Wireco. Prior to that, he worked for over a decade as a practicing attorney, specializing in mergers and acquisitions. Holt graduated from University of Wales with a bachelor's degree in Law. He qualified as an attorney at Manchester Law School and, after practicing as an attorney, received his Master of Business Administration degree from Manchester Business School in 2003. Holt serves on the Board of Johnson City Boys Girls Club and currently as Chair of the Riegel and Emory Board of The Darla Moore School of Business at the University of South Carolina. Duyuru • May 06
Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on July 7, 2023 The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.79 per share on the company's common stock. The dividend is payable July 7, 2023, to stockholders of record as of June 15, 2023. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.79 per share at 3.8% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 10 April 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (13%). Duyuru • Feb 07
Eastman Chemical Company Elects Linnie M. Haynesworth as Director The Board of Directors of Eastman Chemical Company on February 3, 2023 elected Ms. Linnie M. Haynesworth as a director. Haynesworth was most recently the sector vice president and general manager of the Cyber and Intelligence Mission Solutions Division for Northrop Grumman Corporation’s (NGC) Mission Systems Sector, where she was responsible for multiple $1 billion-plus divisions. Haynesworth has more than 30 years of industry experience in technology, including aerospace, intelligence and cybersecurity systems. She served as NGC’s division vice president for Aerospace Products and led large space program efforts. Haynesworth also held various senior level roles at NGC within the areas of program management, supply chain, subcontract technical management and engineering, and served as the executive co-chair of the NGC’s Women in Leadership program. In addition to her position on Eastman’s board of directors, Haynesworth currently serves on the boards of Micron Technology Inc., Truist Financial Corporation, and Automatic Data Processing Inc. Haynesworth received a Bachelor of Science degree in Electrical Engineering from the University of Southern California. Reported Earnings • Jan 31
Full year 2022 earnings released: EPS: US$6.42 (vs US$6.35 in FY 2021) Full year 2022 results: EPS: US$6.42. Revenue: US$10.6b (up 1.0% from FY 2021). Net income: US$793.0m (down 7.5% from FY 2021). Profit margin: 7.5% (down from 8.2% in FY 2021). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in South America are expected to remain flat. Duyuru • Jan 06
Eastman Chemical Company to Report Q4, 2022 Results on Jan 26, 2023 Eastman Chemical Company announced that they will report Q4, 2022 results at 4:30 PM, US Eastern Standard Time on Jan 26, 2023 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 06 January 2023. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of Mexican dividend payers (6.7%). Lower than average of industry peers (13%). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Mex$1,453, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Chemicals industry in South America. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,335 per share. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Mex$1,829, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Chemicals industry globally. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,791 per share. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.76 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (9.0%). Upcoming Dividend • Mar 07
Upcoming dividend of US$0.76 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 01 April 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Mexican dividend payers (5.3%). Lower than average of industry peers (5.0%). Recent Insider Transactions • Mar 03
Insider recently sold Mex$12m worth of stock On the 25th of February, Mark Cox sold around 5k shares on-market at roughly Mex$2,469 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$220m more than they bought in the last 12 months. Reported Earnings • Feb 28
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$6.35 (up from US$3.53 in FY 2020). Revenue: US$10.5b (up 24% from FY 2020). Net income: US$857.0m (up 79% from FY 2020). Profit margin: 8.2% (up from 5.6% in FY 2020). Revenue exceeded analyst estimates by 3.3%. Over the next year, revenue is expected to shrink by 1.6% compared to a 4.6% growth forecast for the industry in Mexico. Executive Departure • Oct 10
Chief Accounting Officer, VP & Corporate Controller Scott King has left the company On the 8th of October, Scott King's tenure as Chief Accounting Officer, VP & Corporate Controller ended after 14.2 years in the role. As of June 2021, Scott still personally held 12.17k shares (Mex$31m worth at the time). Scott is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.50 years. Duyuru • Sep 15
Eastman Chemical Company (NYSE:EMN) agreed to acquire Business and Assets from Matrix Films LLC. Eastman Chemical Company (NYSE:EMN) agreed to acquire Business and Assets from Matrix Films LLC on September 14, 2021. The acquisition is expected to close in 2021. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.69 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 01 October 2021. Trailing yield: 2.5%. Lower than top quartile of Mexican dividend payers (5.0%). Lower than average of industry peers (4.0%). Recent Insider Transactions • Aug 31
Executive VP & Chief Commercial Officer recently sold Mex$69m worth of stock On the 27th of August, Brad Lich sold around 30k shares on-market at roughly Mex$2,298 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$103m. Insiders have been net sellers, collectively disposing of Mex$483m more than they bought in the last 12 months. Duyuru • Jun 10
One Rock Capital Partners, LLC agreed to acquire the Tire Additives Business from Eastman Chemical Company (NYSE:EMN) for $800 million. One Rock Capital Partners, LLC entered into a definitive agreement to acquire the Tire Additives Business from Eastman Chemical Company (NYSE:EMN) for $800 million on June 9, 2021. The total consideration of $800 million consists of $725 million cash to be paid at closing and an additional amount of up to $75 million to be paid based on performance of the rubber additives business post-closing through 2023. The final purchase price is subject to working capital and other adjustments at closing. The transaction includes the rubber additives (including Crystex™ insoluble sulfur and Santoflex™ antidegradants) and other product lines, and related assets and technology of the global tire additives business of Eastman’s Additives & Functional Products segment. The sale does not include the Eastman Impera™ and other performance resins product lines of the tire additives business. The transaction is subject to regulatory approvals and satisfaction of other customary closing conditions. The transaction is expected to be completed in the second half of 2021. Eastman expects the sale will be either neutral or accretive to adjusted earnings per share in 2022. Credit Suisse and JP Morgan acted as financial advisors; and Jones Day acted as legal advisor to Eastman. Latham & Watkins LLP acted as legal advisor; and RBC Capital Markets, LLC acted as financial advisor to One Rock. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.69 per share Eligible shareholders must have bought the stock before 14 June 2021. Payment date: 02 July 2021. Trailing yield: 2.1%. Lower than top quartile of Mexican dividend payers (5.3%). Lower than average of industry peers (3.7%). Duyuru • May 19
Eastman Introduces Fluid Genius Eastman introduced Fluid Genius, a revolutionary new patent-pending product that equips engineers and operations managers with predictive insights to optimize heat transfer fluid performance. Fluid Genius combines artificial intelligence with half a century of Eastman expertise to monitor and maximize the life cycle of heat transfer fluids for a myriad of system applications. Fluid Genius can predict fluid life expectancy and advise how best to extend it while avoiding costly unplanned shutdowns. The technology provides easy access to customer fluid testing results that reveal forward-looking insights to plan proactively for maintenance. Fluid Genius works for virtually any organic heat transfer fluid system. Created by the heat transfer fluid experts at Eastman, Fluid Genius is designed for use by plant maintenance engineers and operations managers in all processing industries, including oil and gas, chemicals, and polymer processing, and will be available in 10 languages. Fluid Genius enables proactive fluid maintenance with a fluid condition score, a unique measure of the overall fluid condition. The technology will also generate notifications and fluid trends as well as customized recommendations for critical action items such as system venting, inert gas blanket system installation and inspection, fluid replacement, the implementation of side-stream filtration and alerts for possible contamination. In conjunction with the launch of Fluid Genius, Eastman has developed an updated, easy-to-use sample kit and automated fulfillment as part of its TLC Total Lifecycle Care® program. TLC includes in-service heat transfer fluid sample analysis, system design support, operational training, safety awareness training, and start-up assistance as well as flush and refill fluids. Recent Insider Transactions • May 14
Insider recently sold Mex$19m worth of stock On the 11th of May, Stephen Crawford sold around 8k shares on-market at roughly Mex$2,530 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$97m. Insiders have been net sellers, collectively disposing of Mex$299m more than they bought in the last 12 months. Duyuru • May 07
Eastman Chemical Company Declares Dividend, Payable on July 2, 2021 The board of directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.69 per share on the company's common stock. The dividend is payable July 2, 2021, to stockholders of record as of June 15, 2021. Duyuru • May 01
Eastman Chemical Company (NYSE:EMN) acquired 3f Feed And Food Sl. Eastman Chemical Company (NYSE:EMN) acquired 3f Feed And Food Sl on April 29, 2021. J.P. The 3F team has joined Eastman. Morgan Securities LLC acted as financial advisor to Eastman Chemical Company.
Eastman Chemical Company (NYSE:EMN) completed the acquisition of 3f Feed And Food Sl on April 29, 2021. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$2.01 (vs US$1.90 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: US$2.41b (up 7.5% from 1Q 2020). Net income: US$274.0m (up 6.2% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Duyuru • Mar 17
Eastman Chemical Company Provides Earnings Guidance for the First and Second Quarter 2021 Eastman Chemical Company provides earnings guidance for the first and second quarter 2021. The company expects first quarter to be similar or even a bit better than the year ago quarter, depending on that momentum and getting things out the door here at the end of the quarter.
The company expect second quarter EPS will be higher than the company had previously thought, just given the current dynamics of robust demand, rising raw, but more importantly, the tightness leading to higher pricing. Upcoming Dividend • Mar 05
Upcoming Dividend of US$0.69 Per Share Will be paid on the 5th of April to those who are registered shareholders by the 12th of March. The trailing yield of 2.4% is below the top quartile of Mexican dividend payers (4.9%), and is lower than industry peers (4.4%). Duyuru • Mar 05
Snips S.r.l. Chooses Tritan™ Renew for A New Sustainable Line of Housewares Snips S.r.l. has partnered with Eastman to launch a line of water bottles and food storage containers made with Eastman Tritan™ Renew copolyester, a durable, BPA-free material that contains 50% ISCC-certified recycled content made possible through innovative molecular recycling. Tritan Renew is made through Eastman's Advanced Circular Recycling — also known as molecular recycling — which breaks down plastic waste into fundamental building blocks to be used again in manufacturing processes. By replacing traditional fossil feedstocks with recycled content, the company is helping to divert plastic waste from landfills, incinerators and oceans. The process also produces fewer greenhouse gas emissions than manufacturing with fossil feedstocks. Unlike those made from mechanically recycled plastic, products made with Tritan Renew present no trade-offs in quality, providing the performance consumers demand. That's because Tritan Renew is chemically identical to legacy Eastman Tritan™ copolyester, the industry standard for clarity, shatter resistance and dishwasher durability. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS US$3.53 (vs US$5.52 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$8.47b (down 8.6% from FY 2019). Net income: US$478.0m (down 37% from FY 2019). Profit margin: 5.6% (down from 8.2% in FY 2019). Recent Insider Transactions • Feb 25
Insider recently sold Mex$28m worth of stock On the 19th of February, Lucian Boldea sold around 12k shares on-market at roughly Mex$2,275 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$44m. Insiders have been net sellers, collectively disposing of Mex$136m more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 7.8%, compared to a 24% growth forecast for the Chemicals industry in Mexico. Reported Earnings • Feb 24
Full year 2020 earnings released: EPS US$3.53 (vs US$5.52 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$8.47b (down 8.6% from FY 2019). Net income: US$478.0m (down 37% from FY 2019). Profit margin: 5.6% (down from 8.2% in FY 2019). Recent Insider Transactions • Feb 24
Insider recently sold Mex$28m worth of stock On the 19th of February, Lucian Boldea sold around 12k shares on-market at roughly Mex$2,275 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$44m. Insiders have been net sellers, collectively disposing of Mex$136m more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 24
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 7.7%, compared to a 23% growth forecast for the Chemicals industry in Mexico. Recent Insider Transactions • Feb 12
Executive VP & Chief Commercial Officer recently sold Mex$44m worth of stock On the 8th of February, Brad Lich sold around 21k shares on-market at roughly Mex$2,116 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$90m more than they bought in the last 12 months. Duyuru • Feb 04
Eastman Chemical Company, Annual General Meeting, May 06, 2021 Eastman Chemical Company, Annual General Meeting, May 06, 2021. Agenda: To consider election of directors. Duyuru • Feb 02
Eastman Chemical Company Elects Vanessa L. Allen Sutherland as A Director The Board of Directors of Eastman Chemical Company has elected Vanessa L. Allen Sutherland as a director. Ms. Allen Sutherland is Executive Vice President and Chief Legal Officer of Norfolk Southern Corporation. In addition to her corporate role at Norfolk Southern, Ms. Allen Sutherland has been elected to the board of Southern Company Gas, effective Feb. 16, 2021. Before joining Norfolk Southern in 2018, Ms. Allen Sutherland, 49, was appointed by President Obama as Chair and CEO of the U.S. Chemical Safety and Hazard Investigation Board. Prior to that, she served as a presidentially appointed Chief Counsel to the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS US$3.53 (vs US$5.52 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$8.47b (down 8.6% from FY 2019). Net income: US$478.0m (down 37% from FY 2019). Profit margin: 5.6% (down from 8.2% in FY 2019). Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 6.3%, compared to a 16% growth forecast for the Chemicals industry in Mexico. Duyuru • Jan 08
Eastman Chemical Company to Report Q4, 2020 Results on Jan 28, 2021 Eastman Chemical Company announced that they will report Q4, 2020 results at 4:30 PM, US Eastern Standard Time on Jan 28, 2021 Duyuru • Nov 20
H&M First to Adopt Eastman Naia™ Renew Cellulosic Fiber in Conscious Exclusive Collection H&M is first to market with its new Conscious Exclusive Autumn/Winter 2020 collection made with Eastman Naia™ Renew cellulosic fiber. Naia™ Renew is a cellulosic yarn made from 60% certified wood fibers and 40% recycled waste plastics such as carpet fibers and plastic packaging.* This is the first time H&M has used Naia Renew™ in a collection. The Conscious Exclusive A/W20 will be available at hm.com on December 1. Naia Renew™ is fully traceable with certified biodegradability that captures the value of hard-to-recycle materials otherwise destined for landfills. It can be produced at scale to deliver sustainability without compromise to the fashion world. Available as both a filament yarn and a staple fiber, Naia™ Renew offers clear advantages over other materials—delivering comfort, ease of care, and a luxurious feel. Duyuru • Nov 18
Gruppo Maip and Eastman Chemical Company Announces Partnership on Sustainable Automotive Materials Eastman and Gruppo Maip, have announced a partnership to formulate new sustainable polymer solutions for automotive interior applications. This will enable an exclusive portfolio of formulations based on Eastman'sAdvanced Circular Recycling technology, offering a range of both biobased and molecular-recycled content solutions with Eastman Tritan™ Renew copolyester and Treva™ Renew engineering bioplastic. Tritan Renew is powered by Eastman's polyester renewal technology and delivers up to 50% certified recycled content diverted from post-consumer and postindustrial waste streams. Unlike mechanically recycled plastics, Tritan Renew offers the same high performance as virgin plastics. Treva Renew offers up to 48% biobased content sourced from sustainably managed forests and is certified by the USDA's BioPreferred® program. In addition, Treva™ Renew benefits from carbon renewal technology that uses mixed waste plastic, providing an additional 23% certified recycled content as an alternative to polycarbonate, ABS and PC-ABS. Recent Insider Transactions • Nov 07
Insider recently sold Mex$1.7m worth of stock On the 5th of November, Lucian Boldea sold around 1k shares on-market at roughly Mex$1,737 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$5.4m. Insiders have been net sellers, collectively disposing of Mex$8.5m more than they bought in the last 12 months. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS US$1.19 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$2.12b (down 8.7% from 3Q 2019). Net income: US$161.0m (down 40% from 3Q 2019). Profit margin: 7.6% (down from 11% in 3Q 2019). The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 3.0%, compared to a 12% growth forecast for the Chemicals industry in Mexico. Duyuru • Oct 15
Marchon Eyewear, Inc. Partners With Eastman To Produce And Sell Eyewear Made With Eastman's Sustainable Acetate Marchon Eyewear, Inc. announced partnership with Eastman. Marchon will be the first eyewear company to produce and sell frames using Eastman Acetate Renew, a fully sustainable material that will be used in Marchon's proprietary and licensed brands frames. Eastman will use their innovative carbon renewal technology, a process which is capable of recycling some of the most complex plastic waste, including non-polyester plastics and mixed plastics that cannot be recycled with conventional recycling technologies. Through Eastman's innovative recycling technology, the scrap from Marchon's manufacturing of acetate frames can be diverted from landfills and used to produce new sustainable acetate for premium eyewear. Acetate Renew, produced via Eastman's innovative carbon renewal technology, is made from bio-based and certified recycled materials and provides three key benefits to Marchon Eyewear. Sustainable material with lower carbon footprint- meeting consumers' demand for more sustainable fashion. In addition to having approximately 40% certified recycled content and 60% bio-based content, Acetate Renew reduces greenhouse gas emissions and fossil fuel usage compared to traditional acetate. Less landfill waste- Typically, 80% of material used in sheet acetate frame production is scrap. Instead of being landfilled, the scrap will now be returned to Eastman and recycled by Eastman into new material, creating a circular production process. Identical Performance- Unlike other sustainable alternatives, Acetate Renew is indistinguishable from classic acetate, assuring wearers of the high quality and premium styles they expect from Marchon Eyewear. The new circular manufacturing process for frames made with Acetate Renew begins when scrap and mixed waste acetate are sent to Eastman, instead of being disposed of in a landfill. The recovered scrap is recycled through Eastman's innovative carbon renewal process, which breaks down the scrap into its molecular building blocks that are in turn used to create new acetate with high levels of certified recycled content. The result is new acetate that is identical in performance to standard acetate, allowing Marchon to create high-quality eyewear frames for its collection of premium, lifestyle and performance brands. Eastman's Acetate Renew is a cellulose diacetate composed of 60% biobased and 40% certified recycled content. The look and feel of the new eyewear will be identical to that of Marchon's current frame collections, delivering the same admirable quality customers have come to expect from Marchon, while also offering significant sustainability benefits. Beginning in 2021, Marchon will begin to produce acetate sunglasses and ophthalmic frames by using Eastman's Renew materials, further asserting Marchon's commitment to social responsibility and bringing more sustainable practices to the eyewear industry. Duyuru • Oct 10
Eastman Chemical Company to Report Q3, 2020 Results on Oct 29, 2020 Eastman Chemical Company announced that they will report Q3, 2020 results at 4:30 PM, US Eastern Standard Time on Oct 29, 2020 Duyuru • Oct 04
Eastman Makes the Promise of Sustainability a Reality with Naia Renew Eastman introduced its new Naia Renew portfolio, sourced from 60% wood pulp and 40% recycled waste plastics. Naia Renew cellulosic fiber is traceable with certified biodegradability that captures the value of hard-to-recycle materials that would otherwise be destined for landfills. It can be produced at scale to deliver sustainability without compromise to the fashion world. Available as both a filament yarn and a staple fiber, Naia™ Renew offers clear advantages over other materials. Naia™ Renew filament features a silky hand, rich luster and fluid drape and is used to create fashionable womenswear garments, while Naia™ Renew staple fiber is inherently soft and quick drying, with reduced pilling properties, making it ideal for everyday casual wear. Fully circular, Naia™ Renew is produced with a low carbon footprint in a closed-loop process where solvents are safely recycled back into the system for reuse. The fiber is made from wood pulp sourced from certified forests, and the recycled plastics feedstock is generated via Eastman's patented carbon renewal technology (CRT). CRT is an integrated, molecular recycling technology that breaks down waste plastics, such as post-consumer carpet fiber and plastic packaging materials into basic molecular building blocks for the manufacture of new products including fibers—a truly circular solution creating value from waste. Naia is actively collaborating across the value chain for Naia™ Renew and will have announcements regarding brand partnerships soon. Duyuru • Sep 24
Eastman and DuPont Biomaterials Collaborate to Launch New Sustainable Fabric Collection To meet a growing demand for sustainable fashion options, Eastman and DuPont Biomaterials announced the launch of a fabric collection made with sustainable, biobased materials. The collaboration blends Naia from Eastman and DuPont Sorona fibers to create garments with exceptional stretch and recovery, luxurious drape and a smooth, soft hand feel. The new collection will expand the future of sustainable textiles for designers to use for comfortable everyday casual wear. Visitors to the Intertextile show this week in Shanghai, China, will be able to experience the new fabrics by visiting booth 4.1 -E103. Brands can also see the collection at the Première Vision marketplace site. Duyuru • Sep 20
Air Liquide Reports Investment and Long-Term Supply Pact to Serve Eastman Chemical Company in the U.S Air Liquide reported a long-term supply agreement with Eastman Chemical Company to provide additional gaseous oxygen, nitrogen and syngas supporting Eastman's growth and production in Longview, Texas. Air Liquide will invest more than 160 million U.S. dollars to modernize existing assets and build a new Air Separation Unit (ASU) and Partial Oxidation Unit (POX). With this agreement and additional production capacity of the new ASU and POX, Air Liquide will supply Eastman gaseous oxygen and nitrogen, as well as syngas. The new ASU and POX will begin production in late 2021 and will be integrated into the existing facilities. The new POX will use the company's patented Lurgi technology and will capture and recycle CO2, reducing the carbon intensity of operations, in line with the Group's 2025 Climate Objectives. 
