Wellman, Inc., Fort Mill, S.C., has signed a letter of intent to sell its Engineering Resins Div. and its entire Johnsonville, S.C., manufacturing facility to an investor group of three private-equity firms.
Wellman, Inc., Fort Mill, S.C., has signed a letter of intent to sell its Engineering Resins Div. and its entire Johnsonville, S.C., manufacturing facility to an investor group of three private-equity firms. The deal was to close last month. The division to be sold makes nylon and PET molding compounds. Much of the nylon feedstock comes from carpet recycling. The Johnsonville site includes a 235-million-lb PET staple fiber plant and a 190-million-lb PET bottle recycling operation, which was shut down in 2006. The investor group owns another PET bottle recycler, New Horizons Plastics Recycling (formerly NTM Plastics), Greenville, S.C. Wellman retains production of PET bottle resins and is moving to Waveland, Miss.
Last month we briefly discussed the influence of temperature on the mechanical properties of polymers and reviewed some of the structural considerations that govern these effects.
With participation from venture investment firm NexPoint Capital, PlantSwitch closes it $8M bridge financing round.
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Dear Plastics Technology Audience Member:
Starting on Thursday August 8, 2024, PT will begin “gating” its premium content, asking all new website users to provide some information about themselves — name, title, employer, email address — before they are provided free access to the content.
We are doing this because the ways PT’s audience finds and accesses our content is changing. Google’s search algorithms, increasingly, make it difficult to connect PT’s content with the people who might make use of it. On top of that, generative AI like ChatGPT is serving up PT content to internet users without attributing that content to PT.
As a result, it has become increasingly important for PT evolve its audience development strategy and learn as much as possible about who is accessing our content, what content they are accessing and how they are accessing it.
With this audience development strategy, we hope to do two things:
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PT plays a distinctive role and has earned a place of esteem within the focused and specialized industry it serves. Large developments in the media landscape are forcing us to change the way we communicate with our audience. We are confident that our audience values the role PT plays in their professional lives and will join us in this effort to stay connected to them.
We thank you for your continued interest in and support of PT and welcome any questions you might have about the brand’s new content gating strategy.
