WESTLAKE CORPORATION Stock Price, News & Analysis

Westlake Chemical Partners LP (NYSE:WLKP) has announced its second quarter 2024 distribution of $0.4714 per unit, payable on August 27, 2024, to unit holders of record on August 12, 2024. This marks the 40th quarterly distribution since the Partnership's initial public offering. The distribution is subject to federal income tax withholding for non-U.S. investors at the highest applicable effective tax rate, as 100% of the Partnership's distributions to non-U.S. investors are considered income effectively connected with a U.S. trade or business.

Westlake (NYSE: WLK) has announced its upcoming second quarter 2024 earnings conference call, scheduled for Tuesday, August 6, 2024. The company will release its earnings report before the market opens and host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss the results. Interested parties can access the call by pre-registering online to receive a phone number and unique PIN. Additionally, a webcast of the conference call will be available, and the earnings release can be accessed through Westlake's investor relations website.

Westlake Chemical Partners (NYSE: WLKP) has announced its upcoming second quarter 2024 earnings conference call, scheduled for Tuesday, August 6, 2024. The company will release its earnings report before the market opens and host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) to discuss the results. Interested parties can access the call by pre-registering online to receive a unique PIN. The conference call will also be available via webcast, and the earnings release will be accessible on the company's investor relations website.

Westlake Chemical Partners GP , the general partner of Westlake Chemical Partners LP (NYSE: WLKP), has announced a significant leadership change. Jean-Marc Gilson, former President and CEO of Mitsubishi Chemical Group , has been appointed as the new President, CEO, and Board member of Westlake Chemical Partners GP

This succession plan involves Albert Chao transitioning to Executive Chairman of the Board, while James Chao becomes Senior Chairman of the Board. These appointments are effective immediately. The change is part of a carefully planned succession strategy aimed at positioning Westlake Chemical Partners for future growth and continued long-term value creation.

Westlake (NYSE: WLK) has announced a significant leadership transition. Jean-Marc Gilson, former President and CEO of Mitsubishi Chemical Group , has been appointed as the new President and CEO of Westlake, effective immediately. This marks a historic moment as Gilson becomes the first non-family CEO in the company's history.

Albert Chao, who has served as CEO for the past 20 years, will transition to the role of Executive Chairman of the Westlake Board of Directors. James Chao, the current Chairman of the Board, will assume the position of Senior Chairman. This carefully planned succession aims to position Westlake for future growth while maintaining its family culture of long-term value creation.

Gilson brings 25 years of executive experience in the chemicals industry across the United States, Europe, and Asia. He will also serve as President, CEO, and director of Westlake Chemical Partners GP , the general partner of Westlake Chemical Partners LP (NYSE: WLKP).

Westlake Vinnolit has been recognized with two significant awards by the Polymers for Europe Alliance. The company won the PVC category of the 2024 ‘Polymer Producer Awards’ and the ‘Overall Award – Decarbonization’. These awards cite Westlake Vinnolit's achievements in areas like delivery reliability, circularity, quality, communication, innovation, and commitment to the European market. Their GreenVin® product line, which includes CO2-saving PVC resins, was highlighted as a major contributor to their success. This product line is produced using renewable electricity and saves up to 90% CO2 compared to conventional PVC.

Westlake Vinnolit, headquartered in Ismaning, Germany, employs 1,400 people, generating annual sales exceeding €1 billion. The company supports sustainable development initiatives and participates in the chemical industry's Responsible Care program.

Olin (NYSE: OLN), part of the Ad Hoc Coalition of Epoxy Resin Producers, has prompted the European Commission to initiate an anti-dumping investigation into epoxy resin imports from China, South Korea, Taiwan, and Thailand. The Coalition alleges these countries' exporters have significantly undercut EU prices, causing harm to the European epoxy resin industry. The complaint suggests dumping margins between 10% and 170%, depending on the country. If proven, additional duties may be imposed to restore market fairness. The investigation also echoes similar anti-dumping measures under review in the U.S. Ensuring a level playing field could bolster the EU epoxy resin industry's supply chain resilience, job market, and economic security.

Westlake Innovations, a subsidiary of Westlake (NYSE: WLK), has announced an investment in the Blackhorn Industrial Impact Fund II. This fund aims to support 40 capital-efficient companies focused on decarbonizing difficult-to-transition sectors in the U.S. economy. The investment aligns with Westlake's commitment to sustainability and innovative technology. Managed by Blackhorn Ventures, the fund targets sectors such as energy, transportation, logistics, and the built environment, leveraging engineering and science breakthroughs for resource efficiency. Blackhorn Ventures has a portfolio of 65 companies addressing significant economic issues like labor and housing shortages, supply chain resilience, energy security, and the electrification of transportation infrastructure.

Westlake Royal Building Products, a division of Westlake (NYSE: WLK), has introduced four new colors—Treated Cedar, Platinum, French Roast, and Storm Cloud—to its Mid-America shutters line. This addition aligns with current trends in siding colors, enhancing the open louver, raised panel, board & batten, and louver/panel combo shutters.

Steve Booz, VP of marketing, highlights that these shutters not only beautify homes but also elevate overall curb appeal through vibrant color options and accurate architectural designs. Mid-America's shutters are designed for easy installation across various home exteriors, ensuring enduring vibrancy with SolidThru™ Colors, even in the case of scratches or impacts.