Westlake Corp. will close its PVC plant in Cologne, Germany, to improve profitability amid Europe’s weak demand, elevated energy costs, and increased import pressure from Asia; the company also cited the plant’s smaller scale.
Westlake Corp. (Houston, Texas; www.westlake.com) announced today that, in light of challenging market conditions, the Company is taking action to improve profitability by closing its polyvinyl chloride (PVC) plant in Cologne, Germany. Chemical production in Europe continues to face difficult conditions, including weak demand, elevated energy costs and increased import pressure from Asia. Due to its smaller scale […]
The post Westlake to close PVC plant in Cologne, Germany appeared first on Chemical Engineering.
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