Wellman delays PET resin expansion plans

Omnexus - Dec 4, 2002

SHREWSBURY, NJ, Dec. 4 -- Wellman Inc. will delay plans to modify a polyester fiber line at the Pearl River plant in Bay St. Louis, MS, to produce PET resins. The project, which was expected to result in 285 million lb/yr of additional PET capacity, was originally scheduled to begin in first quarter 2004. The company said plans have been delayed "until we are able to improve the project's economic return." In June, the company said it would modify the existing staple fiber line at Pearl River so that it could produce either solid-stated PET resin or polyester fiber. The PET fibers line, which was constructed about two years ago, is currently idle. Shortly after being commissioned, the line was closed in...

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