Westlake Corporation (0LVK.L) LSE

Currency In USD

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Westlake Corporation

Address

2801 Post Oak Boulevard

Houston, TX 77056

United States of America (the)

Phone

713 960 9111

Sector

Basic Materials

Industry

Chemicals - Specialty

Employees

15540

First IPO Date

January 29, 2018

Key Executives

NameTitlePayYear Born
Jean-Marc GilsonPresident, Chief Executive Officer & Director2.46M1963
James Y. ChaoSenior Chairman1.41M1948
Mark Steven BenderSpecial Advisor1.75M1957
L. Benjamin EderingtonExecutive Vice President of Legal & External Affairs1.9M1971
Albert Yuan ChaoExecutive Chairman2.49M1950
Jonathan H. BakshtSenior VP & CFO01976
Jeffrey A. HolyVice President & Chief Accounting Officer01980
Brian PowersSenior VP of Performance & Essential Materials Segment Head0N/A
Scott T. SzwejbkaSenior Vice President of Housing & Infrastructure Products Segment Head01969
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Description

Westlake Corporation, known as Westlake Chemical Corporation until its name change in February 2022, is a global manufacturer and supplier focused on petrochemicals, polymers, and various building products. The company's business activities are structured into two primary segments: Performance and Essential Materials, and Housing and Infrastructure Products. The Performance and Essential Materials division is responsible for the production and marketing of a wide array of chemical commodities. These include polyethylene, styrene monomer, ethylene co-products, polyvinyl chloride (PVC), vinyl chloride monomer (VCM), ethylene dichloride, chlor-alkali substances, and other chlorinated derivatives. The Housing and Infrastructure Products segment specializes in developing a diverse range of construction and consumer-oriented solutions. This encompasses manufacturing residential PVC siding, trim, and moldings, alongside roofing applications, decorative stone, and windows. It also produces PVC decking, specialized PVC films for uses like inflatables, wallcoverings, tape, and roofing, as well as polymer composite roof tiles, PVC pipes and fittings, and PVC compounds. Furthermore, this segment provides various consumer and commercial items such as landscape edging, industrial, home, and office matting, marine dock edging, and masonry joint controls. Westlake's extensive product portfolio caters to a broad customer base, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses. These materials are vital for numerous consumer and industrial applications, ranging from residential construction, flexible and rigid packaging, and automotive components to healthcare products, water treatment, coatings, and a wide variety of other durable and non-durable goods. Founded in Houston, Texas, in 1986, Westlake Corporation operates as a subsidiary of TTWF LP.

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