WASHINGTON (dpa-AFX) - Eastman Chemical Co. (EMN) announced a strategic collaboration in the form of a significant license agreement with Balcas Ltd., a manufacturer of millwork in Ireland and the United Kingdom. The agreement gives Balcas the exclusive use of Eastman Cerfis technology to manufacture moulding and trim products in that geography.
Mercer also noted that Balcas is reporting strong interest in the technology from its customers in both the do-it-yourself and builder channels and has indicated there are several leading retail and other entities eager to offer the product in the UK and elsewhere in Europe.
Millwork and trim with Eastman Cerfis technology will be available through Balcas later this year.
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