Westlake Chemical
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Type | Public |
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NYSE: WLK Russell 1000 Component | |
Industry | Chemicals, Petrochemicals |
Founded | 1986 |
Founder | Ting Tsung Chao |
Headquarters | Houston, Texas |
Key people | Albert Chao (President and CEO) |
Revenue | ![]() |
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Total assets | ![]() |
Number of employees | 8,870 [4] (2018) |
Website | westlake.com |
Westlake Chemical is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products, which are fundamental to various consumer and industrial markets.[6] The company was founded by Ting Tsung Chao in 1986.[7] it is the largest producer of low-density polyethylene (LDPE) in the US and ranks among the Forbes Global 2000.[8][9] Westlake Chemical operates in two segments: Olefins and Vinyls, and is also an integrated producer of vinyls, with substantial downstream integration into polyvinyl chloride (PVC) building products.[10]
Facilities[]
In 2014, Westlake made a significant expansion in their ethylene production facilities in Sulphur, Louisiana.[11] In 2014, Westlake acquired the German polyvinyl chloride manufacturer Vinnolit.[12]
In 2016, Westlake acquired U.S. chlor-alkali producer Axiall Corporation for US$3.8 billion.[13]
In June 2021, Westlake purchased the United States building products business of Boral for $2.2 billion[14][15]
References[]
- ^ "Revenues". Fortune. Retrieved 30 July 2019.
- ^ "Net income". Fortune. Retrieved 30 July 2019.
- ^ "Assets". Fortune. Retrieved 30 July 2019.
- ^ "Westlake Chemical". Fortune. Retrieved 2019-07-30.
- ^ "Westlake Chemical". Fortune. Retrieved 2019-07-30.
- ^ "Westlake Chemical". Fortune. Retrieved 2018-12-16.
- ^ Abram, Lynwood (16 March 2008). "Chao, pioneered petrochemical ventures around the world". Houston Chronicle. Retrieved 17 December 2018.
- ^ "ICIS Top 100 Chemical Companies: Westlake Chemical is the ICIS Company of the Year". ICIS. September 30, 2013.
- ^ "The World's Biggest Public Companies". Forbes.
- ^ Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} Company Profile | Reuters.com". U.S. Retrieved 2019-08-06.
- ^ Larino, Jennifer (23 October 2014). "Westlake Chemical to spend $330 million on ethylene plant expansion in Sulphur". Times-Picayune. Retrieved 16 March 2015.
- ^ "Merger proves the right formula for Westlake Chemical - HoustonChronicle.com". www.houstonchronicle.com. 2018-06-07. Retrieved 2019-07-30.
- ^ "Merger proves the right formula for Westlake Chemical - HoustonChronicle.com". www.houstonchronicle.com. 2018-06-07. Retrieved 2019-07-30.
- ^ Boral agrees to sell its North American building products business Boral June 21, 2021
- ^ "Westlake Buys Boral's Building Products Arm for $2.2 Billion".
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- Petrochemical companies
- Manufacturing companies based in Houston
- Companies listed on the New York Stock Exchange
- Chemical company stubs