Eastman Chemical Co. has announced that it is reviewing a number of strategic operations in its polymers business. One of the areas that the company is considering is divesting its PET plastic business. The company recently noted the North American plastics packaging business would be challenging, with overcapacity putting pressure on prices for the material.
The decision to divest its North American PET operations follows the company’s move, done several years ago, when it sold off its PET plastics manufacturing operations in Mexico and Argentina
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