Westlake to mothball AC and ECH units at Pernis; expects EUR 80M pre-tax costs

WESTLAKE CORP

Approved mothball of allyl chloride and epichlorohydrin units at Pernis, Netherlands; expected to cease operations in 2025.
Total pre-tax costs of approximately EUR 80 million: EUR 5M severance and EUR 75M environmental remediation and other mothballing costs.
Workforce reduction of ~30 employees; costs recorded in Q3 2024 with cash outflows over several years starting 2025.
Company expects material improvement in Pernis site financial performance while continuing BPA, LER, and specialty resin operations.

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