Wellman starts up new PET resin line at Pearl River

Wellman, Inc. (NYSE: WLM) announced the successful start-up of its new PET resin line at its Pearl River facility located in Hancock County, Mississippi.
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SHREWSBURY, N.J. - Wellman, Inc. (NYSE: WLM) announced the successful start-up of its new PET resin line at its Pearl River facility located in Hancock County, Mississippi. The new PET resin line, which has a stated annual capacity of approximately 300 million pounds, began initial shipments of first quality resin to customers in early June.

Tom Duff, Wellman's Chairman and Chief Executive Officer, stated, "The start-up of our new PET resin line reaffirms our commitment to meet the rapidly growing demand for high quality resin. We are very pleased with the smooth start-up of this production line which we owe to the hard work and dedication of our employees, especially in the aftermath of hurricane Katrina."

"The new line at Pearl River will expand production of Wellman's high quality PermaClear® PET resin," said Michael Dewsbury, Vice President, U.S. PET Resins. "This new capacity will allow Wellman to maintain its leadership position and provide its customers with superior and innovative products and unparalleled technical service"

This expansion increases Wellman's PET resin capacity at its Pearl River facility to approximately 860 million pounds and increases its total U.S. PET resin capacity to approximately 1.6 billion pounds, making Wellman the largest PET resin producer in the U.S. In addition, Wellman has approximately 120 million pounds of PET resin capacity at its Emmen facility in the Netherlands.

Wellman, Inc. manufactures and markets high-quality polyester products, including PermaClear® brand PET (polyethylene terephthalate) packaging resins and Fortrel® brand polyester fibers. We believe we are one of the world's largest PET plastic recyclers, utilizing a significant amount of recycled raw materials in our manufacturing operations.

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