Welcome to our dedicated page for WESTLAKE CORPORATION news (Ticker: WLK), a resource for investors and traders seeking the latest updates and insights on WESTLAKE CORPORATION stock.
Westlake Corporation (NYSE: WLK) generates a steady flow of news related to its role as a global manufacturer and supplier of materials and products for housing and construction, packaging, healthcare, automotive and consumer goods. Headquartered in Houston with operations in Asia, Europe and North America, the company issues updates on its chemicals and polymers activities, housing and infrastructure products, capital markets transactions and strategic initiatives.
News about Westlake often covers developments in its Housing & Infrastructure Products business, including Westlake Royal Building Products and Westlake Royal Roofing Solutions. Recent announcements highlight participation in industry events such as the International Roofing Expo, where Westlake Royal showcases roofing brands like Newpoint Concrete Roof Tile, DaVinci Roofscapes, US Tile clay roofing products, Unified Steel stone coated roofing and Westlake Royal Roofing Components. These stories describe new roofing colors and profiles, system enhancements, installation clinics and product demonstrations for contractors and building professionals.
Investors and industry followers will also find coverage of acquisitions and portfolio expansion. Westlake has announced and completed the acquisition of the global compounding solutions businesses of the ACI/Perplastic Group, a global manufacturer of specialty materials primarily serving the wire and cable sectors. News items explain how this transaction strengthens Westlake Global Compounds and extends its manufacturing footprint into Portugal, Romania and Tunisia, alongside existing operations in Mexico.
Additional news topics include capital markets actions such as senior notes offerings and cash tender offers for existing debt, dividend declarations, and operational updates like plans to rationalize certain North American chlorovinyl and styrene assets. For those tracking WLK, this page brings together company press releases and related coverage in one place, helping readers follow developments in Westlake’s materials, polymers and building products businesses over time.
Westlake Chemical Partners (NYSE: WLKP) will release its first quarter 2022 earnings on May 3, 2022, before the market opens. A conference call to discuss the earnings will take place at 1:00 p.m. Eastern Time. Interested parties can access the call by dialing (855) 765-5686 or via webcast at this link. The company, which holds a 22.8% interest in Westlake Chemical OpCo LP, operates multiple ethylene production facilities in the U.S.
Westlake Akishima, a Tokyo-based supplier of specialty stabilizers, has launched a new e-commerce platform in partnership with Agilis Chemicals. This intuitive multi-language portal aims to enhance customer experience by providing secure online transactions and advanced analytics for product search and order management. Initial users in Japan and China have given positive feedback. The platform will be fully available to all customers by April 12, 2022, integrating with Westlake's ERP system for improved transparency and automation.
Westlake Corporation (NYSE: WLK) will host its inaugural Investor Day on April 7, 2022, at 9:00 a.m. EDT. Executive leaders will discuss the Company’s long-term strategic vision, financial outlook, and capital allocation priorities aimed at enhancing shareholder value. The event will showcase Westlake's diversified business portfolio across various industries including construction, automotive, and healthcare. Attendees can access the live webcast on the Company's website, with a recording available 48 hours post-event.
Westlake Corporation (NYSE: WLK) announced that its Pernis, Netherlands site received the ISCC+ certification, validating its sustainable production of epoxy products. This certification supports Westlake's strategy to incorporate renewable carbon materials and decrease energy use and greenhouse gas emissions. The site will utilize bio-based alternatives for critical building blocks like Bisphenol A (BPA). Recently, Westlake Epoxy also achieved a Platinum rating from EcoVadis, signifying its commitment to sustainability across various industries including automotive and construction.
Westlake Chemical Partners LP (NYSE: WLKP) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2021, with the Securities and Exchange Commission on March 2, 2022. Unitholders can request a hard copy of the report, which includes audited financial statements, at no charge. Westlake Chemical Partners operates ethylene production facilities, holding a 22.8% stake in Westlake Chemical OpCo LP, which has assets in Kentucky and Louisiana. More details can be found on their website.
Westlake Chemical Partners L.P. (NYSE:WLKP) announced that its 2021 tax packages, including Schedule K-1s, are now available online. Unit holders can access their K-1s on the K-1 Tax Package Support website at www.taxpackagesupport.com/wlkp. The partnership plans to begin mailing K-1s by mid-March. First-time users will need to register for online access. For further assistance, unitholders can contact K-1 Tax Package Support at (888) 826-8318 during weekdays from 8 a.m. to 5 p.m. CT.
Westlake Chemical Partners LP (NYSE: WLKP) declared a quarterly distribution of $0.4714 per unit, marking the 30th consecutive quarterly distribution. The Partnership reported record net income of $29.5 million for Q4 2021, a significant increase from $15 million in Q4 2020. Full-year net income reached $82.5 million, up from $66.2 million in 2020. The cash flows from operating activities for the full year were $408.4 million, reflecting a $35 million increase year-over-year. The Partnership's long-term Ethylene Sales Agreement with Westlake supports stable cash flows, despite operational challenges in 2021.
Westlake Corporation (NYSE: WLK) announced record financial results for 2021, achieving net sales of $11.8 billion (up 57% from 2020) and net income of $2.0 billion (up 511%). EBITDA reached $3.7 billion, a 196% increase. The company completed transformational investments of approximately $3.8 billion and restructured its business into two segments: Performance and Essential Materials and Housing and Infrastructure Products. Despite challenges from natural disasters and the pandemic, the company remains optimistic about favorable market conditions in 2022.
Westlake Corporation (NYSE: WLK) aims to achieve a 20% reduction in Scope 1 and Scope 2 CO2 equivalent emissions per ton of production by 2030, using 2016 as a baseline. To facilitate this goal, the company plans to invest in both proven and emerging technologies, focusing on energy efficiency, less carbon-intensive power sources, and incorporating hydrogen as a fuel. Recent milestones include lower-emission products and acquisitions aimed at enhancing sustainability. Westlake will continue to report sustainability metrics according to established frameworks.
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