Westlake Corporation WLK

Westlake Corporation (NYSE:WLK) said it will close its polyvinyl chloride manufacturing facility in Cologne, Germany, citing weak demand, higher energy costs and increased import pressure from Asia affecting European chemical operations. The Cologne facility, which has annual production capacity of approximately 165,000 metric tons of PVC, is expected to cease operations during the first quarter of 2027.

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 bu