MULLAGH, Ireland, June 4, 2025-

Wellman International Limited, an Indorama Ventures company, has filed a petition with the High Court to place its operation in Mullagh, Co. Cavan, into examinership.

The business 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.

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