ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
A bankruptcy court has approved a disclosure statement by polyester maker Wellman, paving the way for lien holders to vote on the company's Chapter 11 reorganization plan. Under the plan, these creditors will receive equity in Wellman. They will also receive proceeds from the sale of its Darlington, S.C., polyethylene terephthalate (PET) and polyester fiber plant. Should the plan fall through, Wellman will liquidate its remaining PET facility in Hancock, Miss. Last month, Wellman sold its Johnsonville, S.C., polyester recycling plant to a group led by the private equity firm J. H. Whitney.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on Twitter