Westlake falls after announcing Germany PVC plant closure
29/09/2026 15:42
BUZZ-Westlake falls after announcing Germany PVC plant closure ** US chemical company Westlake's WLK.N shares fall 3.7% to $64.36
** Westlake announces closure of its PVC plant in Cologne, Germany due to weak demand, high energy costs and increased import pressure from Asia
** Closure of the facility expected to result in workforce reduction of about 120 employees
** The site is expected to cease operations in the first quarter of 2027
** These actions are expected to improve the ongoing profitability of Westlake's European chlorovinyl operations, the company said
** Westlake expects its third-quarter financial performance to decline sequentially
** Including session's moves, stock down 13% YTD
(Reporting by Tyakshi Singh in Bengaluru)
Recent news on Westlake
See all newsU.S. STOCKS ON THE MOVE-Vor Biopharma, Fair Isaac Corp, Plug Power
U.S. STOCKS ON THE MOVE-Snowflake, Cboe, Oracle
Westlake falls after announcing Germany PVC plant closure
Westlake to shut Germany PVC plant, cut 120 jobs
Brief: Westlake Corp - Cologne Pvc Plant Closure To Result In Reduction Of 120 Employees