Westlake Corporation to Close Pernis Facility in Netherlands

The latest announcement is out from Westlake Corporation ( (WLK) ).

Westlake Corporation announced plans to cease operations at its Pernis facility in the Netherlands due to continued business deterioration in Europe. The closure, which follows consultations with local councils and unions, will result in a workforce reduction of approximately 230 employees and incur pre-tax costs of about EUR 190 million. The company will continue to supply customers from its Deer Park, Texas facility.

The most recent analyst rating on (WLK) stock is a Hold with a $110.00 price target. To see the full list of analyst forecasts on Westlake Corporation stock, see the WLK Stock Forecast page.

Spark’s Take on WLK Stock

According to Spark, TipRanks’ AI Analyst, WLK is a Neutral.

Westlake Chemical scores a 56.2, reflecting a balanced but cautious outlook. The company’s strong balance sheet and robust HIP segment performance are key strengths, but financial pressures, particularly in cash flow and PEM segment challenges, weigh on the score. Technical analysis suggests weak momentum, and while valuation offers some dividend appeal, the P/E ratio indicates potential overvaluation. Overall, while there are growth opportunities, caution is advised due to operational challenges.

To see Spark’s full report on WLK stock, click here.

More about Westlake Corporation

Westlake Corporation operates in the chemical industry, focusing on products such as allyl chloride, epichlorohydrin, liquid epoxy resin, and bisphenol A. The company has a market focus that includes supplying these chemical products from its facilities in the Netherlands and Texas.

Average Trading Volume: 1,194,408

Technical Sentiment Signal: Sell

Current Market Cap: $9.8B

For a thorough assessment of WLK stock, go to TipRanks’ Stock Analysis page.