Westlake Chemical Corporation Issues Statement on Lake Charles Operations
August 27 2020 - 8:30PM
Business Wire
Westlake Chemical Corporation (NYSE: WLK) today issued a
statement regarding Hurricane Laura, which made landfall near its
plants in the Lake Charles, Louisiana area.
Westlake’s primary concern is for the safety of our employees.
The employees who stayed at our facilities during Hurricane Laura
are safe. Westlake’s Lake Charles sites have been conducting
equipment assessments, following Hurricane Laura’s overnight move
through the area.
Following initial facility assessments, Westlake believes it has
incurred limited physical damage. Restart of the facilities, which
Westlake shut down as a precautionary measure in advance of the
storm, will primarily depend upon the availability of electricity,
industrial gases, and other feedstocks.
The statements in this release relating to matters that are not
historical facts, such as Westlake’s belief that it has incurred
limited physical damage and the anticipated restart of its
facilities, are forward-looking statements. These forward-looking
statements could be adversely affected by a variety of known and
unknown risks, uncertainties and other factors that are difficult
to predict and many of which are beyond management’s control.
Westlake’s expectations may or may not be realized or may be based
upon assumptions or judgments that prove to be incorrect. For more
detailed information about the factors that could cause actual
results to differ materially from the forward-looking statements
contained herein, please refer to Westlake’s Annual Report on Form
10-K for the year ended December 31, 2019, which was filed with the
SEC in February 2020, and Westlake’s Report on Form 10-Q for the
quarter ended March 31, 2020, which was filed with the SEC in May
2020.
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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