Wellman sells fibre business

South Carolina-based Wellman has sold its European recycled-based fibres business, WIL, for $38 million to an affiliate of Aurelius.

‘The sale of this business reflects our strategy to focus on our US chemical-based business,’ said Thomas M Duff, chairman and CEO of Wellman.

WIL has the capacity to produce 82,589 tonnes of polyester fibre primarily using post-consumer recycled materials. The fibres are used in a wide range of applications including personal hygiene, upholstered furniture, loose-filled bed products, car interior trim and industrial uses.

Wellman manufactures polyester products, including PermaClear PET packaging resin and Fortrel polyester fibre.

Register now to continue reading

Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.  

Benefits of registering

  • In-depth insights and coverage of key emerging trends

  • Unrestricted access to special reports throughout the year

  • Daily technology news delivered straight to your inbox