Eastman to Invest $1.6 billion in Tennessee
05 Jun, 2013
Under Project Inspire, the Eastman Chemical Co. announces it will invest $1.6 billion in its Kingsport site and add 300 new jobs during the next seven years, allowing the company to invest in new growth opportunities, safety and environmental projects, increased warehouse capacity, building renovations and expansion of its corporate campus.
“I want to thank Eastman and its employees for all of the incredible work they do that has brought us here today,” says Gov. Bill Haslam. “For nearly 100 years, Eastman has been crucial to the state’s economy, growing into a global brand, and today’s announcement means they will continue to grow right here where they started. This investment will bring hundreds of high quality jobs to the state, and I appreciate Eastman’s continued investment in Tennessee.”
Eastman is headquartered in Kingsport and has approximately 7,000 employees – more than half of its total number of employees worldwide – in northeast Tennessee, making it the region’s largest employer.
As part of this project, the Regional Center for Advanced Manufacturing (RCAM) will see expanded facilities, additional program development and increased workforce recruitment and educational outreach.
Illustration by renjith krishnan at Free Digital Photos.net
Compiled from Tennessee Hot Sheet email blast.