Westlake Corporation (NYSE: WLK) (“Westlake”) announced that its German subsidiary, Westlake Vinnolit GmbH & Co. KG, has completed the previously-announced acquisition of a polyvinyl chloride and vinyl chloride monomer production site located in Wilhelmshaven, Germany (the “Wilhelmshaven plant”). The Wilhelmshaven plant, which was previously in insolvency administration, has the capacity to produce 380,000 metric tons of PVC per year.“This acquisition strengthens our Performance & Essential Materials business by expanding our global chlorovinyls manufacturing footprint and complements our existing chlorovinyl production facilities in Europe and North America,” said Jean-Marc Gilson, President and Chief Executive Officer of Westlake. “The Wilhelmshaven plant, which is located in Lower Saxony on Germany’s North Sea coast, benefits from advantageous logistical infrastructure, including a deep-water dock that enables efficient raw-materials supply. We look forward to welcoming the site’s employees to our Westlake family.”
Westlake Corporation has completed the acquisition of the Wilhelmshaven PVC and vinyl chloride monomer production plant in Germany through its subsidiary Westlake Vinnolit.
The facility has annual PVC capacity of 380,000 metric tons and strengthens Westlake's chlorovinyls footprint in Europe.
The site also benefits from deep-water port infrastructure for efficient raw-material logistics.
Note: The headline, insights, and image of this press release may have been refined by the ALCHEMPro staff; the rest of the content remains unchanged.
ALCHEMPro News Desk (JP)
marketing@alchempro.com
