Westlake Corp has completed the acquisition of a polyvinyl chloride and vinyl chloride monomer production site in Wilhelmshaven, Germany, through its German subsidiary Westlake Vinnolit GmbH & Co. KG. The site has the potential to produce 380,000 metric tons of PVC per year, expanding Westlake's global chlorovinyl manufacturing footprint. Its competitive edge stems from advantageous logistical infrastructure, including a deep-water dock that enables efficient raw material supply, and it is expected to strengthen the company's chlorovinyl production facilities in Europe and North America. The acquisition strengthens Westlake's Performance & Essential Materials business. Separately, Mizuho reiterated a Neutral rating on Westlake stock on July 1 but lowered its price target to $88 from $110.
Westlake Chemical CorporationWestlake completed acquisition of a PVC/VCM production site, expanding its chlorovinyl manufacturing footprint.
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