Solvay S.A. (Brussels, Belgium; www.solvay.com) has completed the purchase of Eastman Chemical Co.’s (Kingsport, Tenn.; www.eastman.com) share in their former U.S. joint venture (JV) Primester. As the sole owner of the cellulose-acetate flake plant, Solvay has secured an economical longterm supply for its own tow businesses while adapting capacity to demand. Eastman will provide the longterm supply of basic utilities and raw materials to the Kingsport-based plant.
Solvay purchases stake in cellulose acetate JV from Eastman Chemical
| By Mary Bailey