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

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.
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