Wellman closing South Carolina PET plant

02 October 2008 22:28  [Source: ICIS news]

HOUSTON (ICIS news)--Wellman is closing its polyethylene terephthalate (PET) and polyester staple fibre production plant near Palmetto in South Carolina, a company spokesman said on Thursday.

The site is up for sale, said spokesman Michael Bermish, but it was not clear if any potential buyers have stepped forward.

The closure of the 260,000 tonne/year bottle-grade PET plant near Palmetto is part of Wellman’s plan to consolidate all PET operations at its Pearl River site in Mississippi, exit its polyester staple fibre and engineering resins business, and climb out of bankruptcy by the end of 2008.

The company previously announced that it found a buyer for its engineering resins business in Johnsonville, South Carolina. The Johnsonville site produces nylon compounds - the bulk of which is recycled nylon - mainly for under-the-hood automotive applications, Bermish said.

For more on Wellman's PET plants visit ICIS plants and projects
For more on PET visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: David Barry
+1 713 525 2653

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly