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Article: Wellman to open shuttered units this year.(News)
- Article from:
- Plastics News
- Article date:
- April 13, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Frank Esposito
Under new ownership, Wellman Engineering Resins expects to reopen its PET fibers plant and part of its PET bottle recycling operation in Johnsonville, S.C., by the end of the year.
The massive Johnsonville site was bought for about $20 million in late 2008 by J.H. Whitney & Co., a private equity firm in New Canaan, Conn., after parent Wellman Inc. filed for Chapter 11 bankruptcy protection. A unit making recycled nylon resin based mainly on carpet has continued to operate, but the bottle recycling and fiber production plants have been idle since late 2006. The purchase preserved 160 jobs at the site.
In a recent telephone ...