Westlake to close Cologne PVC plant, take $205M charge

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Go back to Westlake to close Cologne PVC plant, take $205M charge

Westlake to Optimize European Chlorovinyls Footprint with Closure of Cologne PVC Plant

September 29, 2026 6:00 AM EDT

HOUSTON, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Westlake Corporation (NYSE: WLK) (Westlake or the Company) announced today that, in light of challenging market conditions, the Company is taking action to improve profitability by closing its polyvinyl chloride (PVC) plant in Cologne, Germany.

Chemical production in Europe continues to face difficult conditions, including weak demand, elevated energy costs and increased import pressure from Asia. Due to its smaller scale and higher logistical burden, the Cologne plant has higher costs than the Companys other European PVC sites. The Company will continue to serve its customers from its... More