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Eastman adding 300 jobs, making $1.6 billion investment

By Tarah Taylor
Preston Ayres, payres@wcyb.com
Published On: May 29 2013 09:12:33 AM CDT
Updated On: May 29 2013 08:10:03 PM CDT

Eastman Chemical Company announced a $1.6 billion dollar investment Wednesday morning that will include 300 new jobs.

KINGSPORT, Tenn. -

Eastman Chemical Company just announced a major investment. They say they'll spend $1.6 billion to expand their current site.

The company named it Project Inspire. Eastman leaders say it will culminate in 2020, the 100th anniversary of Eastman Chemical company.

This will provide new growth opportunities as well as safety and environmental opportunities.

Tennessee Governor Bill Haslam, Tennessee Congressman Phil Roe, Virginia Congressman Morgan Griffith and U.S. Senators from Tennessee Bob Corker and Lamar Alexander were all there for the announcement.