secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2025-06-17T23:59:59+00:00
Accession:  0001262823-25-000043
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000126282325000043/0001262823-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000126282325000043/wlk-20250617.htm
  HTML page:      https://secwatch.observer/filing/0001262823-25-000043

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