Eastman Chemical - the Chemical Company Aims to Improve Margins Through Cost-Cutting Measures!
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Business Driver: Eastman Chemical (EMN) is one of the leading players in the chemical sector. With its diverse portfolio, which includes specialty and basic chemicals for paints, coatings, specialty materials, plastics, and additives for various industries such as automotive, construction, electronics, agriculture, and more. In light of the challenging economic environment, Eastman Chemical recently announced further cost-cutting measures, hoping for positive earnings effects of $75-100 million by 2025. On April 4, Citigroup upgraded its rating...
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