| Business Summary | | Wellman
Incorporated
is
principally
engaged
in
the
manufacture
and
sale
of
polyester
products,
including
Fortrel
brand
polyester
textile
fibers,
polyester
fibers
made
from
recycled
raw
materials
and
PermaClear
PET
(polyethylene
terephthalate)
resins.
The
Company
is
divided
into
two
operating
segments,
Fibers
and
Recycled
Products
Group
and
Packaging
Products
Group.
The
Packaging
Products
Group
manufactures
solid-stated
and
amorphous
PET
resins
primarily
used
in
the
manufacture
of
soft
drink
bottles
and
other
food
and
beverage
packaging.
The
Fiber
and
Recycled
Products
Group
manufactures
chemical-based
polyester
staple
fibers
and
polyester
partially
oriented
yarn
(POY)
for
sale
to
the
textile
industry
and
for
industrial
products,
and
recycled-based
polyester
staple
fiber
for
use
in
pillows,
comforters,
furniture,
carpets,
rugs
and
industrial
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wellman
manufactures
and
sells
polyester
products,
including
Fortrel
brand
polyester
textile
fibers,
polyester
fibers
made
from
recycled
raw
materials
and
Perma-Clear
PET
packaging
resins.
For
the
six
months
ended
6/30/01,
revenues
rose
2%
to
$572.5
million.
Net
income
fell
50%
to
$5.6
million.
Results
reflect
an
increase
in
revenue
from
the
PET
resins
business,
offset
by
higher
raw
material
costs
and
an
impact
from
the
plant
outage
in
the
second
quarter. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Duff, 53 Chairman,
CEO | $1.1M | Clifford Christenson, 51 Pres,
COO, Director | 650K | Keith Phillips, 46 CFO,
VP | 410K | Mark Rosenblum, 47 VP,
CAO, Controller | -- | Audrey Goodman, 48 VP,
Treasurer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|