Westlake Chemical Corporation

Westlake Chemical Corporation

Westlake Chemical Corporation

Date Founded



2801 Post Oak Boulevard, Suite 600, Houston, TX, 77056, USA

Type of Company


Employees (Worldwide)



Medical Support Services
Industrial Machinery & Manufacturing
Plastics & Synthetics

Company Description

Westlake Chemical Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the Olefins and Vinyls segments. The Olefins segment manufactures ethylene, polyethylene, styrene, and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility. The Vinyls segment manufactures and sells building products fabricated from polyvinyl chloride, including pipe, fittings, profiles, foundation, building products, fence and deck components, window, and door components, film, and sheet products. The company was founded by Ting Tsung Chao in 1986 and is headquartered in Houston, TX.

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Executives & Employees



Investor Relations Contact

Senior Vice President, General Counsel, Chief Administrative Officer & Corporate Secretary

Vice President & Chief Accounting Officer

Executive Vice President, Vinyl Products

Executive Vice President, Olefins

Executive Vice President-Vinyls Chemicals

Senior Vice President, Chemical Manufacturing


Board of Directors

Co-Founder at Westlake Chemical Corporation

Co-Founder at Westlake Chemical Corporation

President & Chief Executive Officer at Weatherford International Plc

Chairman at Pep Boys - Manny, Moe & Jack of Puerto Rico, Inc.

Founding Partner at Navitas Midstream Partners LLC

Executive Vice President Chief Financial Officer at Axiall Corp.

Chief Operating Officer at Westlake Olefins Corp.

President at Ting Tsung and Wei Fong Chao Foundation

Director at TTWF LP

Former President Director at PT Lotte Chemical Titan Tbk

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Westlake Chemical Corporation
Owners & Shareholders
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Maverick Capital's investment process is driven by intensive, fundamental bottom-up research. They do not attempt to time the markets or focus on weightings relative to any index. Their research is augmented by a top-down view of individual industries, as well as the efforts of their quantitative research team. The firm's investment team is organized into six industry sector teams: Consumer, Financials, Healthcare, Industrials, Media & Telecom and Technology. The industry sector teams are supported by two discipline research teams: private investments and quantitative. The firm's founder - Lee Ainslie - has ultimate responsibility for all portfolio decisions for Maverick Funds and related Separate Account Clients.

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TSW uses a combination of fundamental and quantitative analysis as the basis for their investment processes. Their typical assignments involve a specific strategy, such as \"mid-cap value\" or \"core plus fixed income\" in which they use a variety of equity and/or fixed income processes to select securities that are designed to outperform a specific industry benchmark. In other instances, usually for high net-worth clients, the strategies may be combined in order to produce a \"balanced portfolio\" to meet a specific client asset allocation objective or industry benchmark. TSW's strategies include: Equity (Domestic and International), Strategic High Income, Fixed Income, Custom Balanced, and WPS (long/short equity).

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Fort Pitt Capital Group (Fort Pitt) utilizes internal research in its stock, fixed income and mutual fund selection process, and supplements their own research with the data and analysis of major U.S. investment and brokerage firms. Fort Pitt attempts to identify products that are positioned to generate long-term total returns equal to or greater than market averages, in line with clients' risk parameters and long-term financial goals. Fort Pitt may sell a position when they believes the intrinsic value is fully realized, when growth prospects falter due to changing market or economic conditions, or when earnings fail to meet expectations. Fort Pitt allocates client assets among Equity Securities, Fixed Income Securities and/or Mutual Funds (or any combination of these products) according to the needs of each client.The Fort Pitt Capital Total Return Fund (FPCGX) seeks to realize the combination of long-term capital appreciation and income that will produce maximum total return. The fund has a long-term investment outlook and generally employs a buy-and-hold strategy in order to reduce turnover and maximize after-tax returns. The fund invests primarily in common stocks of large- and mid-cap US companies that Fort Pitt considers to be profitable and which have returns on equity near or higher than their peers. The fund also invests in companies that Fort Pitt believes are undervalued as measured by P/E ratio. A portion of the fund's assets may also be invested in fixed income investments (primarily US government obligations) when Fort Pitt determines that prospective returns from fixed income securities are competitive with those of common stocks. The fund only invests in fixed income investments which are rated investment grade, or BBB as defined by S&P or Moody's. The fund may invest in fixed income investments of any maturity. The percentage of assets allocated between equity and fixed income securities is flexible rather than fixed. The fund may invest up to 10% of its net assets in the securities of foreign issuers, and may invest without limit in ADRs. The fund may invest up to 10% of its net assets in other mutual funds, including ETFs.

Recent Transactions
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Westlake Chemical Corporation, TTWF LP purchase Ivy Group Holding SAS from Kem One SAS

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Westlake Chemical Corporation purchases Axiall Corp.

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Westlake Chemical Corporation purchases Vinnolit GmbH & Co. KG from Advent International Corp.

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onWestlake Chemical Corporation purchases Axiall Corp.


Advised onWestlake Chemical Corporation issued USD Common Stock

Legal Advisor

Advised onWestlake Chemical Corporation purchases Axiall Corp.

Legal Advisor

Advised onWestlake Chemical Corporation purchases Axiall Corp.

Legal Advisor

Advised onWestlake Chemical Corporation issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner-Mergers & Acquisitions & Capital Markets at Vinson & Elkins LLP

Legal Advisor

Counsel at Davis Polk & Wardwell LLP

Legal Advisor

Partner at Davis Polk & Wardwell LLP


PolyOne Corporation (NYSE: POL) is a global leader offering a comprehensive array of specialized polymer materials, tailored services and end-to-end solutions. We have: More than 10,000 customers globally More than 35,000 polymer solutions More than 60 manufacturing and distribution facilities Operations in North America, South America, Europe, Asia, and Africa Corporate headquarters in northeast Ohio (U.S.A.) (2011) Annual revenues of $2.9 billion We understand that, in today’s competitive, warp-speed global economy, your success depends on being first to market with innovative, value-creating materials and services. That is why we manufacture many materials to help solve the demanding application and business needs of molders and processors. For more information on our solutions, visit Products & Services. Our solutions are the right choice for customers who want to achieve profit and growth with innovative products, enter new markets, expand globally and much more. In this high-stakes environment, you can rely on us as your strategic partner – a partner whose notion of service goes well beyond merely supplying needs, to delivering better business solutions. Our commitment to you as a PolyOne customer is a core principle, embedded in every dimension of our company

Atkore International Group, Inc. engages in the manufacture of electrical raceway products. It operates through the Electrical Raceway; and Mechanical Products and Solutions (MP&S) segments. The Electrical Raceway segment manufactures products that deploy, isolate, and protect a structure's electrical circuitry from the power source to the final outlet. The MP&S segment provides products and services that frame, support, and secure component parts in a range of structures, equipment, and systems in electrical, industrial, and construction applications. The company was founded on November 4, 2010 and is headquartered in Harvey, IL.

Chemtrade Logistics Income Fund engages in the provision of portfolio of industrial chemicals and value-added services. It operates through the following segments: Sulphur Products & Performance Chemicals, Water Solutions & Specialty Chemicals, Electrochemicals, and Corporate. The Sulphur Products & Performance Chemicals segment markets sulphuric acid, liquid sulphur dioxide, sulphur, sodium hydrosulphite, sodium bisulphate, and zinc oxide. The Water Solutions & Specialty Chemicals segment manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, aluminum chlorohydrate, polyaluminum chloride, ferric sulphate, and others; and a number of specialty chemicals, including sodium nitrite, potassium chloride, P2S5, aluminum hydroxide vaccine adjuvants, and sulphides. The Electrochemicals segment manufactures and markets sodium chlorate and chlor-alkali products largely for the pulp and paper, oil and gas and water treatment industries. The Corporate segment is a non-operating segment that provides centralized services such as treasury, finance, information systems, human resources, legal and risk management, and environmental, health and safety support. The company was founded on May 17, 2001 and is headquartered in Toronto, Canada.

Key Stats and Financials As of 2019
Market Capitalization
Total Enterprise Value
Earnings Per Share
Total Equity
Total Debt
Enterprise Value Sales
Net Profit
Debt TEV
Enterprise Value EBITDAOperating
Three Year Compounded Annual Growth Rate Of Revenue
Five Year Compounded Annual Growth Rate Of Revenue
TEVNet Income
Non-Profit Donations & Grants
$5,000 - $10K
$1 - $199
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Driptech, Inc. manufactures irrigation systems. Its produces affordable irrigation systems designed for small-plot farmers. The company was founded in 2008 and is headquartered in Bolinas, CA.

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ChemConnect, Inc. provides market information and e-commerce solutions. It operates an electronic exchange that trades midstream energy, feedstocks, chemicals, and commodities. The firm offers third party commodity exchange, auctions, bulletin-board, back-end fulfillment, and market information services for NGL's, chemicals, feedstocks, polymers, and fuel oil. The company was incorporated on July 19, 2000 and is headquartered in The Woodlands, TX.

Westlake Chemical Partners LP Chemicals | Houston, TX

Westlake Chemical Partners LP engages in the operation, acquisition and development of ethylene production facilities and related assets. It is a vertically-integrated, international manufacturer and marketer of basic chemicals, polymers, and fabricated building products. The company was founded on March 14, 2014 and is headquartered in Houston, TX.

Heurtey Petrochem SA Oil & Gas | Paris, France

Heurtey Petrochem SA operates as a petroleum industry, which supplies fired heaters, cracking furnaces, reforming furnaces and related technologies. The company offers a range of services, including feasibility studies and estimating, basic design, technical assistance, revamping projects and spare parts sourcing. It operates through the Heaters and Gas segments. The Heaters segment includes refining, petrochemicals and hydrogen production. The Gas segment allows the group to operate in Engineering, Procurement, and Construction engineering and as a technology licensor. The company was founded in 1953 and is headquartered in Paris, France.

MRC Global, Inc. Power & Utilities | Houston, TX

MRC Global is the largest global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry based on sales, and we hold the leading position in our industry across each of the upstream (exploration, production and extraction of underground oil and natural gas), midstream (gathering and transmission of oil and natural gas, natural gas utilities and the storage and distribution of oil and natural gas) and downstream (petrochemical processing, crude oil refining and general industrials) sectors. We offer more than 150,000 stock keeping units, including an extensive array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. Through our North American and International segments we serve our more than 12,000 active customers through over 410 service locations throughout North America, Europe, Asia and Australia.

Chevron Corp. Oil & Gas - San Ramon, California

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Occidental Petroleum Corporation Oil & Gas - Houston, Texas

Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental's midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. Occidental's wholly owned subsidiary, OxyChem, is a major North American chemical manufacturer.Occidental's success is built on technical expertise, business acumen, strong partnerships and proven ability to deliver lasting results. With approximately 35,000 employees and contractors worldwide at year-end 2015, they are committed to being a Partner of Choice® everywhere they operate. Occidental is committed to respecting the environment, operating safely and upholding high standards of social responsibility throughout the company's worldwide operations.

J-M Manufacturing Company, Inc. Building Products & Construction Materials - Livingston, NJ

J-M Manufacturing Co., Inc. manufactures plastic pipes, fittings, and tubing products. It offers polyvinyl chloride and polyethylene products such as PVC, PEX, and PE pipes, and PF frames. The firm has manufacturing plants in Arizona, Arkansas, California, Colorado, Georgia, Iowa, Louisiana, Minnesota, North Carolina, Oregon, Pennsylvania, and Texas. The company was founded in 1982 and is located in Livingston, NJ.

Awards & Honors
Rank #549
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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