Premier Periclase wins High Court approval for survival scheme

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Premier Periclase Ltd’s survival scheme was approved by the High Court on 20 May 2022, allowing the Drogheda company to exit examinership.

The approved plan will bring fresh investment and move the magnesium products manufacturer from natural gas to renewable energy. The switch is expected to take 18 months and make approximately half of its 94 workers redundant; the company hopes to employ more people after it is complete.