Wellman, Inc. ([OTC]: WMANQ.OB) yesterday announced that, effective with June 2, 2008 shipments, it will increase the price of all Fortrel® polyester staple fiber products by 4 cents/lb.

Steve Ates, Vice President Sales and Marketing, made the announcement noting, “The price of crude oil continues to rise to unprecedented levels, placing upward pricing pressure on our chemical-based raw material, transportation and energy costs. This price increase is necessary to offset these escalating costs.”

Wellman remains committed to providing the high level of quality products and support services that our customers have come to expect.

Wellman, Inc. manufactures and markets high-quality polyester products, including Fortrel® brand polyester fibers and PermaClear® brand PET (polyethylene terephthalate) packaging resins.