WLK news

Westlake reported mixed third-quarter 2026 results with net sales up 6% year-over-year but substantial restructuring charges in its Performance and Essential Materials segment led to a net income of only $6 million despite improved EBITDA margins excluding these items.

Westlake announced the closure of its PVC plant in Cologne, Germany, in Q1 2027, due to high costs and poor market conditions, while recording approximately $205 million in related pre-tax charges.

Westlake Corporation reported a significant improvement in net income to $260 million and EBITDA to $679 million for the second quarter of 2026, and announced a $600 million operating income benefit from a three-pillar profitability plan while reducing debt.

Westlake's German subsidiary completed the acquisition of a polyvinyl chloride and vinyl chloride monomer production facility in Wilhelmshaven with 380,000 metric tons annual PVC capacity. The acquisition expands the company's global chlorovinyls manufacturing footprint and strengthens its Performan…