Thomas Duff, Wellman's Chairman and Chief Executive Officer, stated, "They are very fortunate to have suffered only minor damage at the facility from the hurricane. Prayers and thoughts are with the many others who are more adversely impacted and we have a special concern for employees and their families who live in this area. I want to thank all of employees and others who have made tremendous efforts during these trying times. A team to aid Pearl River employees is expected to be on the site shortly."
Since communications in the area are limited, Wellman asks any of its employees in the area to contact the Company to see what assistance we can provide and coordinate their efforts.
Wellman further announces that due to the closure of its Pearl River Plant along with interruptions in its raw materials, energy and transportation, Wellman is reluctantly giving notice of force majeure on its domestically produced products that excuses Wellman's non-performance with respect to its current commitments. Effective September 2, 2005, and continuing until these disruptions subside, Wellman will allocate its diminished supply of products and pass on the cost increases it is experiencing.
Wellman is working to respond to the difficulties imposed on it by the hurricane in a fair and reasonable manner with all of our customers and suppliers.
Wellman Inc manufactures and markets high-quality polyester products, including PermaClear brand PET (polyethylene terephthalate) packaging resins and Fortrel brand polyester fibers. They believe they are one of the world's largest PET plastic recyclers, utilizing a significant amount of recycled raw materials in our manufacturing operations.
marketing@alchempro.com
