Eastman Chemical to cut 2020 capex by 24%

Eastman Chemical to cut 2020 capex by 24%
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

26.03.2020

MOSCOW (MRC) -- Eastman ChemicalВ will reduce planned 2020 capital spending to USD325M-USD375M, a 24% reduction at the midpoint from the previous expectation of USD450M-USD475M, which it says will provide a strong foundation during the coronavirus, reported Seeking Alpha.The company expects Q1 earnings to come in above the prior year period and above previous expectations, and sees break

Full article at mrcplast.com

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