'There's still hope for the jobs at Wellman International '. 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.
Cllr Shane P O'Reilly is hopeful that a buyer can be found for the operation; and the local jobs can be saved. Wellman International began operations in Mullagh in March 1973. Moreover, Indorama Ventures acquired the site in 2011.
The company said Wellman has seen losses in the double-digit millions across 2023 and 2024. This is 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. He spoke to Ronan Gargan in Mullagh last night.
