A local councillor has expressed his disappointment at the news that Wellman International has filed a petition with the High Court to place its operation in Mullagh into examinership.
The local company employs 217 people and is the largest European producer of recycled polyester fibres.
Following the announcement yesterday evening, concerns have been raised for the 217 people employed at the facility.
Cllr Shane P O'Reilly says he is hopeful that a buyer can be found for the operation and the local jobs can be saved.
It began operations in Mullagh in March 1973 and the site was acquired by Indorama Ventures in 2011.
The company said Wellman has seen losses in the double-digit millions across 2023 and 2024, resulting from increased energy prices following geopolitical conflicts and fierce competition from low-priced imports from China, Africa and Middle East.
Cllr O'Reilly says while he's hopeful of a resolution, a cloud of concern hangs over the workers following yesterday's shock announcement:
