KINGSPORT, Tenn., Aug. 13, 2008 - Eastman Chemical Company is increasing prices on the following products effective Sept. 1, 2008. These increases are due to elevated operating costs, particularly in raw materials, energy and freight.
Hydrocarbon Resins (Piccotac™ and Picco™): List and off-list price increase of $US 0.07/lb ($US 0.15/kg) globally.
Hydrogenated Resins (Eastotac™, Regalite™, Regalrez™): List price increase of $US 0.07/lb ($US 0.15/kg) globally.
Hydrogenated Resins (Eastotac™, Regalite™, Regalrez™): Off-list price increase of $US 0.07/lb ($US 0.15/kg, € 0.10/kg) globally.
Pure Monomer Resins (Kristalex™, Endex™, Piccotex™, Piccolastic™, Plastolyn™): List and off-list price increase of $US 0.07/lb ($US 0.15/kg) globally.
Polymer Raw Materials (Eastoflex™): List and off-list price increase of $US 0.08lb ($US 0.18/kg) globally.
CTO Based Rosins (Pamolyn™): List and off-list price increase of $US 0.07/lb ($US 0.15/kg) globally.
Rosins (Abalyn™, Abitol™, Cellolyn™, Eastman™ PLUS Resin, Foral™, Foralyn™, Lewisol™, Pentalyn™, Staybelite™, Dymerex™, Poly-Pale™, Eastman™ ester gums, Dresinate™, Permalyn™, Pexate™, Pexoil™, Uralquid™): List and off-list price increase of $US 0.07/lb ($US 0.15/kg) globally.
About Eastman Chemical Company
Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is a major supplier of cellulose acetate fibers; and produces PET polymers for packaging. As a Responsible Care® company, Eastman is committed to achieving the highest standards of health, safety, environmental and security performance. Founded in 1920 and headquartered in Kingsport, Tenn., Eastman is a FORTUNE 500 company with 2007 sales of $6.8 billion and approximately 10,500 employees.