Wellman International, a recycling and manufacturing business more than 50 years old, has gone into interim examinership after its parent withdrew support for the company. The company manufactures polyester fibre products from recycled plastic bottles and employs 215 people but has racked up significant losses in the last two years. Kieran Wallace of Interpath Advisory has been appointed interim examiner of the Cavan-based business. The company, which has been operating in Ireland since 1973, carries out manufacturing in Ireland but principally does its business in the rest of Europe. Its polyester fibre products are used in different industries, including automotive…

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