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11/6/2006

Eastman Sells Its PE to Westlake

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Eastman Chemical Co., Kingsport, Tenn., announced it will sell its polyethylene business to Westlake Chemical Corp., Houston.

Eastman Chemical Co., Kingsport, Tenn., announced it will sell its polyethylene business to Westlake Chemical Corp., Houston. The deal includes Eastman’s plant in Longview, Texas, which can produce 700 million lb/yr of LDPE and 425 million lb of LLDPE. Westlake also acquired technology for making specialty polyolefins such as acrylate copolymers, Epolene resins for adhesives and coatings, and Energx high-performance LLDPE. Westlake Polymers LLC in Houston already has capacity for 850 million lb/yr of LDPE and 550 million lb of LLDPE and HDPE at Lake Charles, La.

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