Westlake falls after announcing Germany PVC plant closure
WLK•Westlake will close its PVC plant in Cologne, Germany, in the first quarter of 2027, reducing its workforce by about 120 employees. The company expects third-quarter financial performance to decline sequentially.
1. Cologne plant closure
Westlake announced it will close its PVC plant in Cologne, Germany, with operations expected to cease in the first quarter of 2027. The closure is expected to reduce the workforce by about 120 employees.
2. Demand and costs
The company cited weak demand, high energy costs and increased import pressure from Asia. Westlake said the actions are expected to improve the ongoing profitability of its European chlorovinyl operations, and it expects third-quarter financial performance to decline sequentially.
