Eastman Chemical Co., headquartered in Kingsport, Tennessee, is a global specialty chemical company. The company was founded in 1920 as a result of a merger between Eastman Kodak Company and Tennessee Eastman Corporation. Eastman Chemical spun off from Eastman Kodak in 1994 to become an independent entity.

Eastman Chemical is known for its innovation in chemical manufacturing and its ability to transform raw materials into high-value products. The company operates in different segments, including Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers. These segments provide a range of products and solutions that cater to various industries such as transportation, building & construction, healthcare, electronics, and packaging.

On a global scale, Eastman Chemical has a robust presence. The company has manufacturing sites, offices, and sales representation in over 100 countries. It has several notable subsidiaries, joint ventures, and partnerships that contribute to its global reach.

Some of its significant subsidiaries include Eastman Chemical Japan Ltd., Eastman Chemical (China) Ltd., and Eastman Chemical B. V. Eastman Chemical also has joint ventures with companies like Sinopec Yangzi Petrochemical Co., Ltd.

In terms of market position, Eastman Chemical is a leading player in the specialty chemical industry. The company generates substantial global sales and competes with other major chemical companies such as Dow Chemical Company, BASF SE, and LyondellBasell Industries. Eastman Chemical's focus on innovation, sustainability, and customer-centricity has helped it maintain a strong position in the market.

Over the years, Eastman Chemical has achieved several significant milestones. In 2019, the company completed the acquisition of INACSA, a Spanish company that specializes in the production of cellulosic yarn. This acquisition strengthened Eastman Chemical's position in the textiles industry.

Additionally, the company has made efforts to develop sustainable products and implemented various initiatives to reduce its environmental impact. Currently, Eastman Chemical continues to expand its product portfolio, focusing on specialized and sustainable solutions. The company remains committed to its core values of safety, environmental stewardship, and innovation.

As of the latest available information, Eastman Chemical continues to thrive as a leading global specialty chemical company