14/10/2013
Wellman Announces Investment Proposal For Facility Upgrade
Wellman International Limited, a subsidiary of Indorama Ventures PLC, celebrated 40 years of successful operations in Mullagh, Co Cavan.
The company announced a €5m installation as the first phase of its proposed investment plans for new technologies over the next 3 -4 years, supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
Wellman International Ltd is Europe's largest producer of high quality polyester staple fibres, made primarily from post-consumer recycled material for various end-uses. The facility is a valued member of the Indorama Group and employs 260 people on site. Local management and staff were joined by Mr Aloke Lohia, CEO of Indorama Ventures Ltd , Mr S P Lohia, Chairman Indorama Ventures Ltd and Ms Aradhana Lohia, who visited the facility today.
The investment will facilitate the transformation of the operation from a commodity non-woven provider to a hygiene and technically focused supply base aligned to the established markets for personal care.
Commenting on the investment, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: "This is a very significant announcement by Wellman, which has been a major employer in Cavan for 40 years. I commend all involved and wish Wellman every success for the future."
(CD/IT)
The company announced a €5m installation as the first phase of its proposed investment plans for new technologies over the next 3 -4 years, supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
Wellman International Ltd is Europe's largest producer of high quality polyester staple fibres, made primarily from post-consumer recycled material for various end-uses. The facility is a valued member of the Indorama Group and employs 260 people on site. Local management and staff were joined by Mr Aloke Lohia, CEO of Indorama Ventures Ltd , Mr S P Lohia, Chairman Indorama Ventures Ltd and Ms Aradhana Lohia, who visited the facility today.
The investment will facilitate the transformation of the operation from a commodity non-woven provider to a hygiene and technically focused supply base aligned to the established markets for personal care.
Commenting on the investment, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: "This is a very significant announcement by Wellman, which has been a major employer in Cavan for 40 years. I commend all involved and wish Wellman every success for the future."
(CD/IT)
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