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Westlake Corporation  (NYSE: WLK)
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Price: $78.0950 $-1.85 -2.308%
Day's High: $78.94 Week Perf: -5.42 %
Day's Low: $ 77.01 30 Day Perf: -14.91 %
Volume (M): 86 52 Wk High: $ 161.31
Volume (M$): $ 6,677 52 Wk Avg: $125.71
Open: $80.43 52 Wk Low: $76.97



 Market Capitalization (Millions $) 10,020
 Shares Outstanding (Millions) 128
 Employees 8,130
 Revenues (TTM) (Millions $) 12,013
 Net Income (TTM) (Millions $) 427
 Cash Flow (TTM) (Millions $) -811
 Capital Exp. (TTM) (Millions $) 984

Westlake Corporation

We are a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Our products include some of the most widely used chemicals in the world, which are fundamental to many diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction as well as other durable and non-durable goods. We operate in two principal operating segments, Olefins and Vinyls. We are highly integrated along our olefins product chain with significant downstream integration into polyethylene and styrene monomer. We are also an integrated global producer of vinyls with substantial downstream integration into polyvinyl chloride ("PVC") building products.

We began operations in 1986 after our first polyethylene plant, an Olefins segment business, near Lake Charles, Louisiana was acquired from Occidental Petroleum Corporation. We began our vinyls operations in 1990 with the acquisition of a vinyl chloride monomer ("VCM") plant in Calvert City, Kentucky from the Goodrich Corporation. In 1992, we commenced our Vinyls segment building products operations after acquiring three PVC pipe plants. Since 1986, we have grown rapidly into an integrated global producer of petrochemicals, vinyls, polymers and building products. We achieved this by acquiring existing plants or constructing new plants and completing numerous capacity or production line expansions. We regularly consider acquisitions and other internal and external growth opportunities that would be consistent with or complementary to our overall business strategy.


In 2014, we formed Westlake Chemical Partners LP ("Westlake Partners") to operate, acquire and develop ethylene production facilities and related assets. Also in 2014, Westlake Partners completed an initial public offering of 12,937,500 common units (the "Westlake Partners IPO"). As of February 15, 2017, Westlake Partners assets consist of a 13.3% limited partner interest in Westlake Chemical OpCo LP ("OpCo"), as well as the general partner interest in OpCo. Prior to the Westlake Partners IPO, OpCos assets were wholly owned by us. OpCos assets include two ethylene production facilities at our olefins facility at our Lake Charles site, one ethylene production facility at our Calvert City site and a 200-mile common carrier ethylene pipeline that runs from Mont Belvieu, Texas to the Longview, Texas site, which includes our Longview polyethylene production facility. We retain an 86.7% limited partner interest in OpCo, a 52.2% limited partner interest in Westlake Partners (common and subordinated units), a general partner interest in Westlake Partners and incentive distribution rights. The operations of Westlake Partners are consolidated in our financial statements. We are party to certain agreements with Westlake Partners and OpCo whereby, among other things,


On August 31, 2016, we completed the acquisition of Axiall Corporation ("Axiall") for $33.00 per share in an all-cash transaction (the "Merger"), pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 10, 2016, by and among Westlake, Axiall and Lagoon Merger Sub, Inc., a wholly-owned subsidiary of Westlake. Axiall is a manufacturer and international marketer of chemicals and building products, with manufacturing sites in North America. The combined company is the third-largest global chlor-alkali producer and the third-largest PVC producer in the world.


We benefit from highly integrated production facilities that allow us to process raw materials into higher value-added chemicals and building products. As of February 15, 2017, we (directly and through OpCo and our 95% and 60% owned Asian joint ventures) had 39.8 billion pounds per year of aggregate production capacity at numerous manufacturing sites in North America, Europe and Asia.

Olefins are the basic building blocks used to create a wide variety of petrochemical products. We manufacture ethylene (through OpCo), polyethylene, styrene and associated co-products at our manufacturing facility in Lake Charles and polyethylene at our Longview facility. We have two ethylene plants, which are owned by OpCo, two polyethylene plants and one styrene monomer plant at our olefins facility at our Lake Charles site. We have three polyethylene plants and a specialty polyethylene wax plant at our Longview site.


Principal products in our integrated Vinyls segment include PVC, VCM, EDC, chlor-alkali (chlorine and caustic soda) and chlorinated derivative products and, through OpCo, ethylene. We also manufacture and sell building products fabricated from PVC, including siding, pipe, fittings, profiles, trim, mouldings, fence and decking products, window and door components and film and sheet products. We manage our integrated Vinyls production chain, from the basic chemicals to finished building products, to optimize product margins and capacity utilization. Our primary North American chemical manufacturing facilities are located in our Calvert City, Kentucky and Lake Charles, Plaquemine and Geismar, Louisiana sites. Our Calvert City site includes an ethylene plant, which is owned by OpCo, a chlor-alkali plant, a VCM plant and a PVC plant. Our Lake Charles site includes three chlor-alkali plants, two VCM plants, a chlorinated derivative products plant and cogeneration assets. Our Plaquemine site includes a chlor-alkali plant, a VCM plant, a PVC plant and cogeneration assets. Our Geismar site includes a chlor-alkali plant, a VCM plant and a PVC plant.



   Company Address: 2801 Post Oak Boulevard Houston 77056 TX
   Company Phone Number: 960-9111   Stock Exchange / Ticker: NYSE WLK


Customers Net Income grew by WLK's Customers Net Profit Margin grew to

0.66 %

9.46 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ASH        0.1% 
IOSP   -1.47%    
KWR   -3.47%    
NEU        2.96% 
OLN   -8.13%    
PPG        2.31% 
• View Complete Report
   



Business Update

Building Dreams, Elevating Lives Westlake Royals Renewed Dedication to Home Remodeling Excellence,

Published Sun, May 11 2025 7:40 PM UTC

Crafting Dreams and Building Futures: Westlake Royal Building Products Sponsors NAHB's National Home Remodeling Month for the Fourth Year In an age where innovation and tradition blend seamlessly, the importance of home remodeling is magnified as individuals seek to create spaces that reflect their identities while embodying modern functionality. Within this context, Westla...

Business Update

Westlake Epoxy Sets the Stage for Innovation at JEC World 2025 Amidst Surging Tax Rates

Published Fri, Feb 28 2025 11:20 AM UTC

In the bustling world of composite materials, innovation is the key to survival and growth, and Westlake Corporation (NYSE: WLK) is firmly emerging as a leader in this arena. With a strategic showcase scheduled for the JEC World Show 2025 in Paris from March 4 to 6, the company s division, Westlake Epoxy, is gearing up to launch a range of cutting-edge products designed to e...

Business Update

Westlake Royal Building Products Unveils Innovative Handformed Brick at IBS 2025 Amidst a Competitive Market Landscape

Published Wed, Feb 26 2025 8:33 AM UTC

At the 2025 International Builders Show (IBS) in Las Vegas, Westlake Royal Building Products, a key player in the building materials sector and a subsidiary of Westlake Corporation (NYSE: WLK), proudly introduced its first brick profile Handformed Brick. This innovative product showcases the company s commitment to quality and design, offering an elevated tumbled brick prof...

Business Update

Building Beyond Westlake Royal Expands Its Horizons in Architectural Innovations

Published Mon, Feb 24 2025 9:10 PM UTC

Westlake Royal Building Products, a Westlake company, is making significant strides in the architectural and building materials industry. With a series of strategic expansions and recognitions that highlight its innovative approaches, the company is solidifying its position as a leader in providing durable and aesthetically pleasing building solutions. As the company enhance...

Business Update

Westlake Releases 2023 Sustainability Report

Published Wed, Nov 27 2024 1:47 PM UTC

Westlake Corporation s Commitment to Sustainability: Innovations and Community Solutions In an era where sustainability is not merely a trend but a necessity, Westlake Corporation (NYSE: WLK) has reaffirmed its dedication to responsible business practices with the release of its 2023 Sustainability Report. This extensive document marks the company?s seventh annual update an...







Westlake's Segments
Performance and Essential Materials Segment    65 % of total Revenue
Performance and Essential Materials Performance Materials    37.1 % of total Revenue
Performance and Essential Materials Essential Materials    27.9 % of total Revenue
Housing and Infrastructure Products Segment    35 % of total Revenue
Housing and Infrastructure Products Housing Products    29.44 % of total Revenue
Housing and Infrastructure Products Infrastructure Products    5.55 % of total Revenue
Intersales    3.79 % of total Revenue
Intersales Performance and Essential Materials Segment    3.79 % of total Revenue





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