KINGSPORT, Tenn.—Eastman Chemical Co. will expand production of its Impera performance resins at sites in Middelburg, Netherlands, and Jefferson, Pa., to help meet growing demand for resins that support improved tire performance and safety.
While Eastman did not disclose its investment amount, it did note that the expansion project is part of an overall strategy to grow its tire additives business. The company expects its Impera hydrocarbon and natural resins capacity to rise between 10-15 percent as a result of the moves.
Eastman claims that its Impera resins are key in the production of tires that balance performance and fuel efficiency, as they help to improve wet grip, wear and rolling resistance. These, it said, are key factors in tire design as technology continues to change the mobility landscape.
"As consumers and OEMs continue to raise expectations for higher performing tires, tire makers are responding by pushing the boundaries of tire technology," Gunes Celik, vice president and general manager for Eastman Tire Additives, said in a statement. "…These investments will allow Eastman to continue to support the growing needs of leading tire makers and expand on our position as a key innovator in the tire industry."
Headquartered in Kingsport, Eastman posted around $10 billion in revenue last year. The company employs about 14,500 globally and supports a variety of markets, serving customers in more than 100 countries.