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Westlake Corp (Westlake), formerly Westlake Chemical Corp, is a manufacturer and supplier of petrochemicals, polymers and building products. The company offers olefins, vinyl chemicals, styrene, polyethylene, vinyl, PVC and VCM, compounds, and olefin. It also offers landscape products, window profiles and patio doors, specialty PVC, chlor alkali and derivatives, epoxy, water treatment products, industrial matting products and pipe and fittings products. Westlake products are used in residential siding, pipe and fittings for water, sewer, and industrial applications, PVC profiles for windows, doors, fences, decking and films. The company offers its products to nutrition and health care, consumer lifestyle, building, and construction. It operates in Asia, Europe and North America. Westlake Chemical is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
Suite 600, 2801 Post Oak Boulevard, Houston, Texas, 77056
Website
www.westlake.com
Telephone
1 713 9609111
No of Employees
15,520
Industry
Chemicals
Ticker Symbol & Exchange
WLK (NYSE)
Revenue (2022)
$12.5B
-20.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-78.7%
(2022 vs 2021)
Market Cap*
$19.4B
Net Profit Margin (2022)
XYZ
-73.2%
(2022 vs 2021)
* As of and is in US$
Westlake Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Polyethylene |
| Polymers |
| Vinyl |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In April, Westlake Epoxy announced its plans to introduce new lower-yellowing epoxy products. |
| 2023 | New Products/Services | In December, Westlake Royal Roofing Solutions introduced a new CEU continuing education course for architects about roofing underlayment. |
| 2023 | Contracts/Agreements | In October, Westlake Global Compounds entered into a partnership with Resinex combine Westlake’s expertise in PVC compounds with Resinex’s expertise in distributing polymers solutions to extend Westlake products’ access throughout the Resinex organization. |
Competitor Comparison
| Key Parameters | Westlake Corp | Dow Inc | LyondellBasell Industries NV | Sasol Ltd | Chevron Phillips Chemical Co LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United Kingdom | South Africa | United States of America |
| City | Houston | Midland | London | Johannesburg | The Woodlands |
| State/Province | Texas | Michigan | Greater London | - | Texas |
| No. of Employees | 15,520 | 35,900 | 20,000 | 28,657 | 5,000 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James Chao | Chairman | Executive Board | 2004 | 76 |
| Albert Y. Chao | Director; President; Chief Executive Officer | Executive Board | 2003 | 74 |
| M Steven Bender | Chief Financial Officer; Executive Vice President | Senior Management | 2017 | 67 |
| Johnathan S. Zoeller | Vice President; Chief Accounting Officer | Senior Management | 2020 | 48 |
| L. Benjamin Ederington | Secretary; Chief Administrative Officer; Executive Vice President - Performance and Essential Materials; General Counsel | Senior Management | 2023 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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