“We believe this will provide our stockholders with more timely and meaningful information, provide a better matching of costs and revenues, and provide for consistent recognition of actuarial gains and losses relating to pension plans in all of our businesses," Keith said.
Wellman Inc manufactures and markets high-quality polyester products, including PermaClear brand PET (polyethylene terephthalate) packaging resin and Fortrel brand polyester fiber. One of the world's largest PET plastic recyclers, Wellman utilizes a significant amount of recycled raw materials in its manufacturing operations.