Eastman has announced sales plans for the following products effective immediately. Orders from May 1 through today will be included in the monthly allocation numbers.
* n-Butyl Alcohol – 100% sales plan based of last 6 months history (November 1, 2010 – April 30,2011)
*2-EH Acid – 80% sales plan based on last 12 months history (May 1, 2010 – April 30, 2011)
*n-Butyl Acetate – 100% sales plan based on last 12 months history (May 1, 2010 – April 30, 2011)
*n-Propyl Acetate – 80% sales plan based on last 12 months history (May 1, 2010 – April 30, 2011)
*n-Propyl Alcohol – 80% sales plan based on last 12 months history (May 1, 2010 – April 30, 2011)
This action is necessary due to overall tightness in the market and competitor announced sales allocation. The plans will allow us to control demand in line with our supply capability.
Although not a reason for the sales allocations, the situation with the Mississippi River flooding will likely impact transit of railcars across the US, which could also cause shortage of product and or raw materials.
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