Eastman Chemical to increase prices for all grades of sodium benzoate US$0.06/lb., or €0.10/kg in North America, Latin America, Europe, Middle East and Africa, effective March 1; increases due to higher operating costs, particularly in raw materials

KINGSPORT, Tennessee , February 14, 2012 (press release) – Eastman Chemical Company is increasing prices on the following products Mar. 1. These increases are due to elevated operating costs, particularly in raw materials.

Probenz Sodium Benzoate All Grade : List price increase of $USD 0.06/lb ($USD 0.13/kg) in North America, Latin America, Europe, the Middle East, and Africa. Off-list price increase of $USD 0.06/lb ($USD 0.13/kg) and €EUR 0.10/kg in North America, Latin America, Europe, the Middle East, and Africa.

Eastman™ Benzoic Acid All Grades : List price increase of $USD 0.06/lb ($USD 0.13/kg) in North America, Latin America, Europe, the Middle East, and Africa. Off-list price increase of $USD 0.06/lb ($USD 0.13/kg) and €EUR 0.10/kg in North America, Latin America, Europe, the Middle East, and Africa.

Eastman's chemicals, fibers and plastics are used as key ingredients in products that people use every day. Approximately 10,000 Eastman employees around the world blend technical expertise and innovation to deliver practical solutions. The company is committed to finding sustainable business opportunities within the diverse markets it serves. A global company headquartered in Kingsport, Tenn., USA, Eastman had 2011 sales of $7.8 billion. For more information, visit www.eastman.com.

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