7 articles
Westlake announced the closure of its PVC plant in Cologne, while surging freight rates due to the Iran War threaten to drag down chemical earnings similar to the COVID-19 era.
Westlake aims to maximize asset utilization in its US plastic and chlor-alkali plants without major turnarounds in the second half. The company also plans to integrate newly acquired German PVC sites
US chemical producers including INEOS Styrolution and Westlake are accelerating plant shutdowns amid a multi-year downturn driven by excess global capacity. Reopening the Strait of Hormuz threatens to
Westlake reported a Q4 earnings beat despite sales declining 11% to $2.533 billion due to lower pricing and volume, aided by accelerated cost-cutting measures.
Westlake targets a $600 million EBITDA improvement through self-help measures and expects demand recovery in 2026. Growth is anticipated in housing and materials segments supported by new capacity and
Westlake has completed its acquisition of ACI's compounding business, expanding operations into Portugal, Romania, and Tunisia while strengthening its footprint in Mexico.
Westlake plans to sell 2,000 metric tons of acetone inventory after halting operations at its Pernis facility in Q3, impacting regional chemical supply.
ChemBrief