Eastman Chemical outlines $225M–$250M cost reduction plan as earnings recovery builds through 2026
Mark Costa, Chairman & CEO, emphasized stabilization efforts in the Fibers segment, referencing the impact of tariffs and consumer pressure on textiles and the overall stream slowdown in cellulosics.
The US Department of Energy (DOE) is canceling billions of dollars in awards intended to reduce industrial carbon emissions, and it is proposing major cuts to programs focused on decarbonization.
Management maintained guidance for the circular economy platform to contribute $50 million to $75 million to EBITDA in 2025, largely back-half loaded as utilization ramps up and sales increase. Costa ...
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