Westlake to close Cologne PVC plant, take USD 205 million pre-tax charges

Bitget2026/09/29 10:01

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Westlake will close its PVC plant in Cologne, Germany, to cut costs and lift profitability amid weak European demand.
Closure targets a 165,000-metric-ton annual capacity site; operations expected to stop in Q1 2027.
Pre-tax charges expected at USD 205 million, including USD 100 million cash; USD 110 million to be recorded in 2026.
Supply to customers to shift to other German PVC sites, including the recently acquired Wilhelmshaven facility.
Management expects weaker Q3 2026 results versus Q2, citing softer pricing, higher freight costs, and lower housing-related volumes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Westlake Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609290600PRIMZONEFULLFEED9835469) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Westlake to close Cologne PVC plant, take USD 205 million pre-tax charges

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