Eastman announced on February 1, 2023 that it had acquired Ai-Red Technology (Dalian), a manufacturer and supplier of paint-protection and window films for automotive and architectural markets in Asia-Pacific.
The company said the site would join its Performance Films operations. Its stated rationale was additional supply capacity in China and the wider region, together with more room for innovation and product scale-up.
The announcement described an acquisition already made, rather than merely an agreement to negotiate. It did not disclose transaction terms or an exact closing day.
Capacity and service improvements were Eastman’s expected benefits, not independently verified production gains.
Sources & reporting notes
- Eastman acquires Dalian Ai-Red Technology Eastman Chemical Company · Source dated February 1, 2023Date corroborated by the manufacturer’s syndicated release.
- Eastman acquires Dalian Ai-Red Technology: dated release copy Eastman Chemical Company via Surface Finishing · Source dated February 1, 2023
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