rPET pioneer enters examinership
24/06/2025
An Indorama Ventures company since 2011, Wellman International has filed a petition to place its facility located in Mullagh, Ireland, into examinership. It cited double-digit losses in both 2023 and 2024, due to increased energy prices, and ‘fierce’ competition from ‘low-priced imports from China, Africa and Middle East’, as reasons behind the...