Wellman reports $1.9 million November operating loss

By Caroline Salls

Pittsburgh, Dec. 22 - Wellman Inc. reported a $1.9 million operating loss for November on $31.1 million in net sales, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

The figures compared with a $10.3 million operating loss posted in October on $45.4 million in net sales.

The net loss for November was $5.9 million, narrowing from a $9.3 million October net loss.

The company had no cash and cash equivalents as of Nov. 30, the same as at the end of October.

Wellman, a Fort Mill, S.C., polyester products manufacturer, filed for bankruptcy on Feb. 22, 2008 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 08-10595.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.