Acetate Tow Eastman Takes Part in Chinese Acetate Tow Production
Eastman Shuangwei Fibers Company Limited (ESFCL), a joint venture of Eastman Chemicals and China National Tobacco began construction works for an acetate tow production site in Heifei, China. This cooperation, Eastman officials said, underlined both the company's commitment to China as well as to its fibre business.
Heifei/PR China; Kingsport, Tennesse/USA – Eastman takes part in building a new acetate tow facility in Heifei, China, in a joint venture with China National Tobacco. “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 the joint venture company ESFCL. “As partners in this new joint venture, I look forward to further strengthening our relationship and many more successful years together.” The site will have an annual capacity of 30,000 metric tons upon completion.
Eastman expects to profit from the cooperation with a stronger presence in China, currently he fastest growing economy in the world. The Heifei facilities will be Eastman's first acetate tow plants in China, speakers confirmed. Begin of operation is expected for mid–2013.
“We are committed to growing our global acetate tow business and this joint venture is another demonstration of that commitment,” said Linda Hensley, vice president and general manager of Eastman’s Fibers segment. “China plays a key role in our growth strategy and this new facility will help us meet our increasing customer demand.”