Westlake Corporation 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 in Wilhelmshaven, Germany.
The Wilhelmshaven plant was previously in insolvency administration and has the capacity to produce 380,000 metric tons of PVC per year. The acquisition expands Westlake’s global chlorovinyls manufacturing footprint and strengthens its Performance & Essential Materials business.
Located in Lower Saxony on Germany’s North Sea coast, the Wilhelmshaven plant adds strategic manufacturing capacity in Europe and complements Westlake’s existing chlorovinyl production facilities across Europe and North America. The site also benefits from logistical infrastructure, including a deep-water dock that supports efficient raw-materials supply.
Westlake said the acquisition aligns with its broader strategy of expanding manufacturing capabilities for essential materials used across housing, construction, packaging, healthcare, automotive, and consumer goods markets.
KEY QUOTES:
“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.”
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.”
Jean-Marc Gilson, President and Chief Executive Officer of Westlake
