Westlake Corporation reports news around its global materials and building-products operations, organized around Performance and Essential Materials and Housing and Infrastructure Products. Updates commonly cover earnings, segment pricing and volume trends, olefins, vinyl chemicals, polyethylene, epoxies, building products, pipe and fittings, facility actions, product certifications, distribution launches, litigation matters and leadership changes.
The company also appears in updates involving Westlake Royal Building Products, Westlake Epoxy and its relationship with Westlake Chemical Partners LP, a limited partnership formed by Westlake to operate, acquire and develop ethylene production facilities and other qualified assets.
Westlake Chemical Corporation (NYSE: WLK) will officially rebrand as Westlake Corporation on February 18, 2022. This change reflects a diversified business portfolio following $3.8 billion in recent acquisitions. The company will operate under two segments: Housing & Infrastructure Products and Performance & Essential Materials. Key acquisitions include LASCO Fittings, Dimex LLC, and Hexion Inc.'s global epoxy business, enhancing Westlake's position in crucial markets. The rebranding aims to better represent the expanded industries served, especially in housing and infrastructure.
Westlake Royal Building Products has introduced a new 5/8” Lap Siding profile to its TruExterior poly-ash siding line at the 2022 International Builders’ Show. This product reflects the look and performance of traditional cedar lap siding, crafted from a proprietary poly-ash material that offers durability and low maintenance. The siding mimics cedar's thickness and features a true 5/8” butt, available in 16-foot lengths. The TruExterior line requires no special tools for installation and can withstand ground contact, making it a versatile choice for builders in North America.
Westlake Royal Building Products will present its innovative range of building products at the 2022 NAHB International Builders’ Show in Orlando, Florida from February 8-10, 2022. This event marks the launch of the Westlake Royal Building Products brand, combining the strengths of Royal®, Boral®, and DaVinci brands. New products include Board & Batten siding, TruExterior 5/8” Lap Siding, and a new color for Zuri Premium Decking. The brand aims to enhance market presence with a diverse portfolio of high-quality, low-maintenance products.
Westlake Royal Building Products has announced the 2021 DaVinci Masterpiece Contractor Project of the Year Awards, celebrating four outstanding projects: three residential and one commercial. Residential honors go to Absolute Construction (Garland, Texas), Action Roofing (Santa Barbara, Calif.), and Braswell Construction Group (Greensboro, Ga.). Champion Roofing (Oklahoma City, Okla.) received top recognition for a commercial project at the Children's Center Rehabilitation Hospital. These awards highlight excellence in installation, visual impact, and roofing transformation.
Westlake Royal Building Products has launched SwiftGuard, a synthetic roofing underlayment designed for various roofing types, including steel, tile, shingle, and shake. It features patented nail gasketing technology for enhanced durability and weather protection. SwiftGuard allows for exposure to the elements for up to 180 days without degradation, making it suitable for steep slope installations. The underlayment meets ASTM standards and is lightweight, facilitating easy transport and installation. It will be showcased at the International Roofing Expo and International Builders’ Show in early February 2022.
Hexion has finalized the sale of its epoxy-based Coatings and Composite businesses, including epoxy specialty and base resins, to Westlake Chemical for approximately $1.2 billion. This strategic move aims to maximize shareholder value and aligns with Hexion's ongoing initiatives. Following this transaction, Hexion will focus on its Adhesives and Versatic™ Acids product lines, leveraging strong demand in North America. Additionally, Hexion is set to be acquired by affiliates of American Securities for $30.00/money per share, contingent on closing regulatory approvals.
Westlake Chemical Corporation (NYSE: WLK) has successfully acquired Hexion Inc.’s global epoxy business for approximately $1.2 billion in an all-cash transaction. This acquisition aims to enhance Westlake’s portfolio with specialty resins, coatings, and composites that serve high-growth industries, including renewable energy and automotive sectors. The newly branded Westlake Epoxy will play a key role in manufacturing sustainable products like wind turbine blades and lightweight automotive components, aligning with Westlake's commitment to sustainability and growth.
Westlake Royal Building Products has launched Westlake Royal Roofing, combining the former Boral North America and DaVinci Roofscapes product lines into a comprehensive offering. Unveiled at the 2022 International Roofing Expo in New Orleans, this new branding enhances their portfolio of clay, concrete, steel, and composite roofing solutions. The launch includes innovative products like SwiftGuard and Sol-R-Skin BLUE, aimed at improving roof performance and resilience. This strategic move positions Westlake to better serve contractors, customers, and homeowners across North America.
Westlake Chemical Corporation (NYSE: WLK) is set to release its fourth quarter and full year earnings for 2021 on February 22, 2022, before market opening. A conference call will follow at 11:00 a.m. Eastern Time to discuss the results. Callers can dial (855) 760-8160 or (704) 288-0624 for international access, using passcode 8356311. The call will also be accessible via webcast. A replay will be available for seven days after the call concludes. For more details, visit Westlake's investor page.
Westlake Chemical Partners (NYSE: WLKP) is set to release its fourth quarter and full-year earnings for 2021 on February 22, 2022, before the market opens. A conference call will follow at 1:00 p.m. Eastern Time to discuss results. Interested parties can join by calling (855) 765-5686 or accessing the webcast here. The partnership operates ethylene production facilities and holds a 22.8% stake in Westlake Chemical OpCo LP, which has facilities in Kentucky and Louisiana.