Eastman Chemical (EMN +2.4%) is forming a JV with Sinopec (SNP) to build a new resin plant in...

|About: Eastman Chemical Co. (EMN)|By:, SA News Editor

Eastman Chemical (EMN +2.4%) is forming a JV with Sinopec (SNP) to build a new resin plant in China. The facility will boost EMN's total capacity for hydrogenated resins by 50%, which the company says will make it the biggest global supplier of hydrogenated hydrocarbon resins. The resins are useful in making packaging and personal hygiene products.