NYSE:WLKChemicals
Westlake (WLK) Is Up 7.6% After US$415 Million Plant Closures Plan - Has The Bull Case Changed?
Westlake Corporation recently approved a plan to cease operations at several North American chlorovinyl and styrene facilities by December 2025, affecting about 295 employees and leading to an estimated US$415 million in pre-tax closure-related costs.
The closures will significantly reshape Westlake’s production footprint while still leaving billions of pounds of annual PVC, VCM, chlorine, and caustic soda capacity available to serve customers from its remaining plants.
We’ll now examine how...