WESTLAKE CORP (WLK): restructuring charge — Westlake approves closure of three chlorovinyl plants and styrene unit, expects $415M in pre-tax costs

WESTLAKE CORP

Closure includes PVC plant in Aberdeen, MS (1B lbs/year), VCM plant in Lake Charles, LA North (910M lbs/year), and a chlor-alkali unit (825M lbs chlorine, 910M lbs caustic soda).
Styrene plant in Lake Charles, LA (570M lbs/year) also to cease operations by end of December 2025.
Workforce reduction of approximately 295 employees; total pre-tax costs estimated at $415M including $357M non-cash charges, $25M severance, $33M shutdown costs.
Company expects ~$100M annual EBITDA improvement and ~$175M free cash flow savings in 2026 from these actions.
Conference call on December 15, 2025 to discuss plan and update on PEM profitability improvement plan.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

WESTLAKE CORP announced a restructuring with charges of approximately $415 million affecting North American chlorovinyl production facilities and styrene production plant (approximately 295 employees).

Type: restructuring
Charge: approximately $415 million
Affected area: North American chlorovinyl production facilities and styrene production plant
Headcount: approximately 295 employees

Exact text from the filing

The closures of the facilities are expected to result in a workforce reduction of approximately 295 employees. The Company expects it will incur total pre-tax costs of approximately $415 million related to the closures of the facilities consisting of noncash accelerated depreciation, amortization, and asset write-off charges of approximately $357 million, employee severance and separation costs of approximately $25 million, and other plant shut down costs of approximately $33 million.

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

WESTLAKE CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-318445

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