Westlake Chemical Corporation Issues Statement Regarding European Commission Investigation
July 14 2020 - 5:59AM
Business Wire
Westlake Chemical Corporation (NYSE: WLK) today confirmed that
one of its subsidiaries has been named in a European Commission
decision regarding certain anti-competitive practices in the
purchasing of ethylene that occurred prior to 2017.
The practices were uncovered as a result of Westlake’s internal
compliance program. Westlake voluntarily disclosed these practices
to the European Commission and fully cooperated with the related
investigation. Based on the company’s voluntary notification and
cooperation, the European Commission granted Westlake immunity from
government fines.
Westlake is committed to fair and open competition. Westlake’s
policies prohibit its employees from engaging in anti-competitive
practices or other illegal or unethical behavior.
About Westlake
Westlake is a global manufacturer and supplier of materials and
innovative products that enhance life every day. Headquartered in
Houston, we provide the building blocks for vital solutions — from
packaging and healthcare products to automotive and consumer goods,
to building and construction products. For more information, visit
the company's web site at www.westlake.com.
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