Eastman Chemical Co. will invest $1.6 billion in its Kingsport site over the next seven years and add 300 jobs in Tennessee, the company said. This effort will enable the company to invest in new growth opportunities, safety and environmental projects, increased warehouse capacity, building renovations and expansion of its corporate campus, Eastman Chemical announced May 29.
"This represents a landmark capital investment that will modernize and expand our largest manufacturing site and corporate campus here in Kingsport,” said Eastman Chemical Chairman and CEO Jim Rogers. "This multi-year project will culminate in Eastman’s 100th anniversary in 2020. I can think of no better way to honor our long-term commitment to this site and surrounding community than through this very significant investment in our future.”
The state will provide funding to support the corporate campus expansion, road infrastructure improvements for the project, and a grant to meet advanced manufacturing training needs for the company through the Regional Center for Advanced Manufacturing located in Kingsport.
For more information, visit www.eastman.com.