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by bradfa 752 days ago
Kodak did invest heavily into chemicals, see https://en.wikipedia.org/wiki/Eastman_Chemical_Company
1 comments

As that article states, they spun it off as a separate company in 1994, before digital photography hit.

Kodak management's mistake was laser-focusing on consumer imaging, and spinning off all of its other businesses like chemical, medical, office systems, etc. Consumer imaging was the one thing that dropped to zero in value as it became a commodity, and Fujifilm survived through those other businesses.