Westlake Chemical to Expand Chlor-Alkali, PVC and VCM Capacities at Facilities in Germany and Louisiana
February 19 2018 - 6:30AM
Business Wire
2018 Capital Expenditures will lead to Expanded
Capacities in 2019, 2020 and 2021
Westlake Chemical Corporation (NYSE: WLK) today announced that
it will expand capacities for the production of polyvinyl chloride
(PVC) and vinyl chloride monomer (VCM) at three of its chemical
facilities. Two of the plants are located in Germany (Burghausen,
Gendorf) and one is located in Geismar, Louisiana. The expansions
in Burghausen and Geismar are expected to be completed in 2019. The
Gendorf expansions are expected to be completed in 2020 and
2021.
The expansion projects are expected to add approximately 750
million pounds annually of additional PVC and approximately 200
million pounds annually of additional VCM to the company’s
production. Specialty PVC will be expanded at Burghausen and
suspension PVC will be expanded at Geismar. VCM production will be
expanded at Geismar and Gendorf. In addition, chlor-alkali
production will be expanded at the Gendorf facility, adding
approximately 55 million pounds annually of chlorine capacity and
the associated 60 million pounds annually of membrane caustic soda
capacity.
“The chlor-alkali, PVC and VCM capacity expansions in Germany
will be our first since we completed the acquisition of our
Vinnolit subsidiary in 2014,” said Westlake Chemical President and
CEO Albert Chao. “These PVC and VCM expansions support our
integrated vinyl products chain and demonstrate Westlake’s
commitment to provide our global customers with additional
production to meet their growing needs.”
About Westlake Chemical Corporation
Westlake Chemical Corporation is an international manufacturer
and supplier of petrochemicals, polymers and building products with
headquarters in Houston, Texas. The company's range of products
includes: ethylene, polyethylene, styrene, propylene, chlor-alkali
and derivative products, PVC suspension and specialty resins, PVC
Compounds, and PVC building products including siding, pipe,
fittings and specialty components, windows, fence, deck and film.
For more information, visit the company's Web site at
www.westlake.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180219005128/en/
Westlake Chemical Corp.Media
Inquiries:Ben Ederington, 713-960-9111orInvestor Inquiries:Steve Bender, 713-960-9111
Westlake (NYSE:WLK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Westlake (NYSE:WLK)
Historical Stock Chart
From Sep 2023 to Sep 2024