Eastman Chemical Company

Profile

Summary

Eastman Chemical is the former chemicals division of the Kodak photo company. The Tennessee operations of Eastman were commissioned to make RDX explosives and to manage nuclear weapons development during the Second World War. In 1960 a major explosion at the company’s aniline manufacturing plant in Kingsport, Tennessee, killed 16 people. In 1994, Eastman Chemical became a separate company, headquartered in Kingsport. Today, Eastman owns and operates over 50 manufacturing sites in 16 different countries.

Products

Chemicals, Fibers, Plastics.

Violations

Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
environment-related offenses$82,468,933111
safety-related offenses$364,88241
competition-related offenses$16,0001

(September 29, 2022)

Number of Records
141
Total Penalties
$82,849,815 (September 28, 2022)
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.

Stories

Article Archive

The Forest Guardians Who Beat Back Mexico's Cartels

Published by
Daily Beast
|
By
Michael Waller
|

MORELIA, Mexico — One day in the late spring of 2012, Mexican police pulled over Efrén Olivares Valdez and told him he was delivering his truckload of raw pine resin to the wrong refinery.

Read more
Videos & Podcasts
Explosion at Eastman Chemical on anniversary of 1960 deadly incident at plant
Eastman Explosion- Team Coverage - 2:42 p.m.
RAW: Eastman explosion
Eastman Explosion: One Year Later

 

Activism

Recent & Ongoing Campaigns
WHO’S IN DANGER? Race, Poverty, and Chemical Disasters

Environmental Justice and Health Alliance for Chemical Policy Reform | May, 2014

More than 134 million Americans live in the danger zones around 3,433 facilities in several common industries that store or use highly hazardous chemicals. Millions more people work, play, shop, and worship in these areas.
But who are the people that live daily with the ever- present danger of a chemical disaster?

Major Investigations
& Lawsuit
Tennessee’s Eastman Chemical subpoenaed by Mexican authorities for alleged cartel connections

Anita Wadhwani | Tennessee Lookout | January 28, 2021

Eastman Chemical Company, a global corporation headquartered in northeast Tennessee that is among the state’s largest employers, is under investigation by Mexican authorities over alleged ties to cartel-controlled suppliers of raw materials processed at its plant in the state of Michoacán.

Company Hid Cancer-Causing Effects of Chemicals, Lawsuit Claims

FDSLaw | January 23, 2020

A federal lawsuit has been charged against the company whose chemicals leaked into the Elk River and left thousands of West Virginians without water for more than a week

Judge OKs settlement in Eastman leak suit

Longview News Journal | February 23, 2018

A federal judge Monday tentatively approved a $151 million settlement involving Eastman Chemical Co. and another company sued over a 2014 chemical spill that contaminated drinking water in southern West Virginia.

Eastman Chemical sued over West Virginia chemical spill

Johnson City Press | January 15, 2014

Legal fallout from the accidental chemical spill that affected the water supply for 300,000 West Virginians has landed at the doorstep of Kingsport-based Eastman Chemical Co.


 
Environmental Impact
Eastman steam line failure led to 3,000-plus pounds of excess volatile organic compound emissions

Jeff Keeling | WJHL | February 14, 2022

An “unpermitted emission point” that released up to 1,800 pounds of volatile organic compounds (VOCs) — primarily methanol — was among spots at Eastman Chemical Company that released above permitted amounts of pollutants starting early Jan. 31 after a steam line failure caused a power outage.

5,380 pounds of compound released into Holston River during January incident, Eastman says

Murrey Lee & Slater Teague | WJHL | April 14, 2021

Eastman Chemical Company released more than 5,000 pounds of ethylene glycol into the Holston River in early January, the company said in a statement to News Channel 11.

After EPA auditor urges public warning, DEQ reviews cancer risk data for accuracy

David Mitchell | The Advocate | February 17, 2021

It's been almost a year since the inspector general for the U.S. Environmental Protection Agency urged agency officials to take "prompt action" to warn people living near 25 "high-priority" industrial facilities across the nation. Residents around five plants in Louisiana are still waiting.

Chemical spill in W.Va.: Federal probe launched, 300,000 without water

Noelle Swan | Christian Science Monitor | January 10, 2014

A chemical spill in Charleston, W.Va., has compromised water supplies and prompted the governor to declare a state of emergency in nine counties.

W.Va. chemical spill: Is more regulation needed for toxic substances?

Noelle Swan | Christian Science Monitor | January 10, 2014

Little information is known about Crude MCHM, the chemical that leaked into West Virginia's Elk River and potentially contaminated the tap water of 300,000 residents.

PERI Pollution Indexes

Based on United States Environmental Protection Agency data ranking the top 100 worst polluters.


Employment Practices
& Relations
Eastman announces layoffs, delayed raises

Hank Hayes | Times News | March 13, 2019

KINGSPORT — Eastman announced today it will be laying off an undisclosed number of workers and cited the U.S.-China trade dispute as one of the contributing factors for the move.

Worker’s widow: Company was negligent in plant explosion

Meg Kinnard | AP News | April 20, 2017

The widow of a South Carolina plastics plant worker who was killed when a pipe exploded and hot chemicals were sprayed on him has sued his employer, saying the company was negligent.

The Day Kingsport Wept-Eastman Explosion October 4, 1960

Mary Kiss | Kingsport Archives | October 5, 1975

“Earth shattering events have a way of burning themselves into the consciousness. Most people, if they’re old enough can recall exactly what they were doing when they learned that the Japanese bombed Pearl Harbor, and that President Kennedy had been shot. For Kingsport, it’s that way with the Eastman Explosion.”


Financials

Corporate Headquarters
200 S Wilcox Dr, Kingsport, TN 37660
Most Recent Gross Revenue
$10.912 billion (2022) | source
Most Recent Net Revenue
$1.220 billion (2022) | source
Stock Exchange Tickers
NYSE: EMN
Subsidiaries

Note: Most recent list is not always the most complete list.

Croctail Subsidiary Tool using the CorpWatch API - This API extracts the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the US SEC.


    Major Shareholders

    Click here for the latest data.


     
    Political Influence

    Open Secrets - Tracks corporate lobbying of US politicians.

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    Open Secrets Logo

    OpenSecrets.org Profile of Eastman Chemical


     
    Import & Export Data

    ImportYeti - Shipping Tracking Tool - Bill of ladings are public information that are too cost prohibitive, challenging to obtain and difficult to use for the average joe. ImportYeti's goal is to solve that problem.


    Subsidy Tracker
    Subsidy Tracker
    Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
    Click here for details on subsidies received by Eastman Chemical
    Tax Havens
    & Evasion
    Legalized Tax Fraud: How Top US Corporations Continue to Profit Through Offshore Tax Havens

    United States Senate | February 18, 2015

    The Business Roundtable (BRT), a coalition of CEOs from 201 of America’s biggest companies, are supportive of raising the retirement age for Social Security and Medicare to 70, cutting Social Security benefits, lowering the corporate tax rate, and adopting a “territorial” tax system that exempts the offshore profits of American corporations from U.S. taxes.


    Major Projects
    Eastman Chemical Co. to expand its Louisiana facility with $70M investment

    WAFB9 | June 26, 2019

    Eastman Chemical Company is investing $70 million over the next three years to expand its manufacturing operations in St. Gabriel. This include a new chemical intermediates production facility.

    Eastman partners with Air Products on $1.6 billion coal gasification plants in Texas, Louisiana

    Times News | July 26, 2007

    Eastman Chemical Co. has signed a letter of intent with Air Products & Chemicals Inc. on a $1.6 billion petroleum-coke fed gasification projects at Beaumont, Texas and Louisiana.


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