Westlake falls after announcing Germany PVC plant closure

** US chemical company Westlake's WLK.N shares fall 3.7% to $64.36

** Westlake announces closure of its PVC plant in Cologne, Germany due to weak demand, high energy costs and increased import pressure from Asia

** Closure of the facility expected to result in workforce reduction of about 120 employees

** The site is expected to cease operations in the first quarter of 2027

** These actions are expected to improve the ongoing profitability of Westlake's European chlorovinyl operations, the company said

** Westlake expects its third-quarter financial performance to decline sequentially

** Including session's moves, stock down 13% YTD