Eastman plans big expansion
Posted: Tuesday, June 4, 2013 12:00 am
Eastman Chemical Company chairman and CEO Jim Rogers has announced a major expansion of the nearly 100-year-old Tennessee company. Eastman will invest $1.6 billion in its Kingsport site and will add 300 new jobs during the next seven years as part of Project Inspire.
The move will allow the company to invest in new growth opportunities, safety and environmental projects, increased warehouse capacity, building renovations and expansion of its corporate campus, according to an Eastman news release.
The Eastman CEO was joined in last week’s announcement by Gov. Bill Haslam.
“I want to thank Eastman and its employees for all of the incredible work they do that has brought us here today,” Haslam said. “For nearly 100 years, Eastman has been crucial to the state’s economy, growing into a global brand, and today’s announcement means they will continue to grow right here where they started. This investment will bring hundreds of high quality jobs to the state, and I appreciate Eastman’s continued investment in Tennessee.”
Eastman is headquartered in Kingsport and has about 7,000 employees — more than half of its total number of employees worldwide — in northeast Tennessee, making it the region’s largest employer.