Westlake To Close Its PVC Plant In Cologne, Germany, To Improve Profitability; Expects Sequentially Lower Financial Performance In Q3
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 and higher logistical burden, the
Westlake is closing a chemical factory in Germany to save money. This shows that European factories are struggling with high costs and tough competition.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.