Wellman to Consolidate Fiber Factories

S.C. Plant Closing in Restructuring Step

Shrewsbury, N.J. – As the first step in a restructuring, Wellman, Inc. will close its Johnsonville, S.C., fiber production plant and consolidate all such activity to its Palmetto facility in Darlington, S.C.

“We will continue to meet our Johnsonville customers' requirements for high quality fiberfill from our Palmetto plant, which has the capacity to produce 500 million pounds of polyester staple fiber annually,” said Wellman Fiber and Recycled Products Group vp Joseph Tucker.

In other elements of the plan, the company expects to sell its Material Recycling Division, and will pursue “strategic alternatives” for its European fiber and PET resin businesses. The company said these actions are expected to result in a pre-tax charge of $30 million to $35 million in the third quarter of 2006, mainly in non-cash items.

Of the U.S. plans, Wellman chairman and ceo Thomas Duff said, “Consolidating our U.S. fiber production is expected to increase operating income and reduce working capital.”

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!