Eastman Chemical Company says it will be closing its manufacturing site located in Wales, UK, and is ceasing production of EASTMAN Vitamin E TPGS ("TPGS"), which is currently manufactured at the site.
The closure decision is the result of the site no longer being strategic for Eastman and follows a consultation period with employees at the site that began earlier this year. The company expects to close the site later this year.
TPGS has several applications including its use as a pharmaceutical excipient. Eastman is providing transition supply inventory to customers based on historical purchases.
The site was purchased by Eastman in 1995, and currently employs approximately 65 people.
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