Home / Knowledge / News / Textiles / DAK completes acquisition of Wellman's PET Business
DAK completes acquisition of Wellman's PET Business
08
Sep '11
DAK Americas LLC (DAK) announced that it has completed the acquisition of the PET Resins business of Wellman, Inc. The acquisition brings DAK Americas total PET resin production capacity to more than 4.3 billion pounds annually (1,945 KTons) in the Americas.

The acquisition includes the PET Resin production facilities in Bay St. Louis, Mississippi, U.S.A. The site has a production capacity of approximately 950 million lbs/yr (430 Ktons/yr) of PET Resin and a work force of approximately 165 people. These facilities will be integrated into DAK Americas Resins Business Unit which also has U.S. operations in Wilmington, NC; Fayetteville, NC and Charleston, SC.

This follows DAK's purchase of Eastman's U.S. Integrated PET Business in Columbia S.C., which was completed in February 2011 and Eastman's International operations in Cosoleacaque, Mexico and Zarate, Argentina that were completed in the Fall of 2007.

“This latest addition reinforces DAK's position as an important player in the global PET marketplace,” said Hector Camberos, President and CEO, DAK Americas. “This manufacturing facility will allow DAK to broaden its PET Resin product offerings.”

Polyethylene Terephthalate (PET) Resin is widely used for the production of carbonated soft drink and water bottles, as well as, other food and consumer product packaging applications.

DAK Americas LLC

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X