NYSE:WLKChemicals
How Investors Are Reacting To Westlake (WLK) Shutting Key Chlorovinyl And Styrene Plants To Boost Profitability
Westlake Corporation has approved and begun implementing a plan to cease operations at several North American chlorovinyl and styrene production facilities by December 2025, incurring about US$415 million in pre-tax closure-related costs and reducing its workforce by roughly 295 employees.
The company will discuss these closures on a special call as part of a broader effort to improve profitability in its Performance & Essential Materials segment while consolidating production across its...