Eastman Chemical Targets Fibers Turnaround With Cost Cuts And ETP Project
Eastman Chemical is embarking on cost reductions and product diversification, including its ETP project, to enhance and stabilize its Fibers business amidst challenging market conditions. These efforts aim to improve profitability and shift the segment towards higher-value products and more efficient intermediates, addressing past performance pressures. The company's strategy is aligned with its long-term focus on cash flow and dividend support, though execution and balance sheet risks remain pertinent for investors to monitor.
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