Westlake Corporation Shuts Down Key Chlorovinyl and Styrene Plants

Reuters12-15 20:32

Westlake Corporation Shuts Down Key Chlorovinyl and Styrene Plants

Westlake Corporation announced plans to cease operations at several North American chlorovinyl and styrene production facilities, including its PVC plant in Aberdeen, Mississippi, and its VCM and styrene plants in Lake Charles, Louisiana. The company cited ongoing challenging market conditions in the global commodities chemicals industry as the reason for the closures. Westlake expects to incur non-cash charges of approximately $357 million for asset write-offs, along with $25 million in employee severance and $33 million in other shutdown costs, with most charges recognized in the fourth quarter of 2025. The company emphasized its commitment to supporting affected employees during the transition and will continue to supply customers from its remaining facilities.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-318445), on December 15, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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