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Latest Westlake Chemical Corporation Stories

2014-08-25 08:21:56

-- 16.5 cents per share dividend declared payable September 19, 2014 HOUSTON, Aug. 25, 2014 /PRNewswire/ -- The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday, August 22, 2014, a dividend of 16.5 cents per share, an increase of 31% from the 12.6 cents per share paid in the second quarter of 2014. The increased dividend will be payable on September 19, 2014, to stockholders of record on September 5, 2014. This is the 40th successive quarterly...

2014-08-05 08:24:16

- Record quarterly income from operations of $266.8 million, increasing 13% from second quarter 2013. HOUSTON, Aug. 5, 2014 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) today reported net income for the second quarter of 2014 was $169.4 million, or $1.26 per diluted share, on net sales of $998.6 million. This represents an increase in net income of $23.6 million, or $0.17 per diluted share, compared to the quarter ended June 30, 2013 net income of $145.8 million,...

2014-07-31 08:26:17

HOUSTON, July 31, 2014 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) announced today it has closed the previously announced acquisition of German-based Vinnolit Holdings GmbH and its subsidiary companies from Advent International, a private equity firm. The Vinnolit acquisition includes six production facilities located in Burghausen, Gendorf, Cologne, Knapsack and Schkopau in Germany and Hillhouse in the United Kingdom. These operations have a combined annual capacity...

2014-07-17 16:21:42

HOUSTON, July 17, 2014 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) announced today the completion of a third amendment and restatement of its $400 million revolving credit agreement, thereby extending the maturity to 2019, reducing interest costs, and increasing financial flexibility. "We are pleased to have completed this agreement as it increases our company's financial flexibility and provides the liquidity to fund our continued growth," said Albert Chao, Westlake's...

2014-05-28 08:23:14

HOUSTON, May 28, 2014 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) announced today that it has signed a definitive agreement to acquire German-based Vinnolit Holdings GmbH and its subsidiary companies from Advent International, a private equity firm. Vinnolit is an integrated global leader in specialty polyvinyl chloride ("PVC") resins. The acquisition price of EUR490 million will be financed using existing Westlake cash and credit facilities. The transaction is...

2014-05-19 08:22:18

HOUSTON, May 19, 2014 /PRNewswire/ -- The board of directors of Westlake Chemical Corporation (NYSE:WLK) declared on Friday, May 16, 2014, a dividend of 12.6 cents per share. The dividend will be payable on June 17, 2014, to stockholders of record on May 30, 2014. This is the 39(th) successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004. Westlake Chemical Corporation (WLK)Westlake Chemical Corporation is an...

2014-05-05 08:22:15

- Earnings per share up 28% over Q1 2013 HOUSTON, May 5, 2014 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) today reported net income for the quarter ended March 31, 2014 of $158.0 million, or $1.18 per diluted share, on net sales of $1,027.7 million. This represents an increase in net income of $34.7 million, or $0.26 per diluted share, compared to first quarter 2013 net income of $123.3 million, or $0.92 per diluted share, on net sales of $864.6 million. Net sales for...

2014-04-29 08:25:27

HOUSTON, April 29, 2014 /PRNewswire/ -- Westlake Chemical Corporation ("Westlake") (NYSE: WLK) announced today that one of its wholly owned subsidiaries, Westlake Chemical Partners LP ("Chemical Partners"), has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to its proposed initial public offering of common units representing limited partner interests. Chemical Partners is a Delaware limited partnership recently formed by...

2014-02-19 12:23:16

HOUSTON, Feb. 19, 2014 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) announced today that it held a dedication ceremony for the new Geismar, Louisiana Chlor-Alkali plant this morning. This ceremony was attended by The Honourable Bobby Jindal, Governor of Louisiana, James Chao, Chairman of the Board of Westlake Chemical and Albert Chao, President and CEO of Westlake Chemical. They were joined by various state and local officials, local industry guests and executives and...

2013-12-27 16:20:15

HOUSTON, Dec. 27, 2013 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) announced today that it has started-up its new chlor-alkali plant located at its vinyls manufacturing complex in Geismar, Louisiana. This new chlor-alkali plant has the capacity to produce 350,000 electrochemical units (ECU's) annually and utilizes state of the art membrane technology. The plant is adjacent to the existing vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) facilities at the...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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