Westlake plans full closure of Pernis facility; expects EUR 190M pre-tax costs

WESTLAKE CORP

Plans to close entire Pernis facility (AC, ECH, LER, BPA units) in the Netherlands; consultations with works councils started June 13, 2025.
Total pre-tax closure costs estimated at EUR 190M: EUR 30M severance for ~230 employees and EUR 160M environmental/shutdown costs.
Substantially all charges expected in Q2 2025; cash outflows will extend over several years after closure.
Will supply LER and BPA customers from Deer Park, Texas facility after Pernis shutdown.
Previously mothballed AC and ECH units in July 2024; now entire facility cessation anticipated in 2025.

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