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AI brief of an SEC Form 8-K · Westlake (WLK)

Westlake to close Cologne PVC plant with $205 million in pre-tax charges

Negative Impact 4 of 5 restructuring Written later

Westlake approved a plan to cease operations at its 165,000-metric-ton-a-year PVC plant in Cologne, Germany, with closure expected in the first quarter of 2027 and about 120 jobs affected. The company expects total pre-tax charges of about $205 million, and said it expects sequentially lower financial performance in the third quarter of 2026 than in the second quarter.

Key points

  • Total pre-tax closure charges of about $205 million: about $105 million non-cash and about $100 million cash
  • About $110 million of the charges expected to be recorded in 2026, with the remainder in 2027
  • Production to shift to other German sites, including the recently acquired Wilhelmshaven facility
  • Westlake expects sequentially lower third-quarter 2026 financial performance versus the second quarter

The filing

CompanyWestlake (WLK)
Form8-K, current report
Filed with the SECSep 29, 2026, 6:06 AM ET
Accession number0001262823-26-000067

Items reported: 2.05 Exit / Restructuring Costs7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.