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Westlake Global Compounds and Resinex to Supply PVC Compounds in European and Turkish Markets
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Westlake Global Compounds and Resinex announce partnership to extend sales presence of Westlake's PVC compounds in Europe
Positive
Partnership with Resinex will expand Westlake's access to European market for PVC compounds
Customers will have access to a wider range of high-quality PVC compounds
Negative
None.
HOUSTON--(BUSINESS WIRE)--
Westlake Global Compounds, a leading provider of specialty plastics compounds and a Westlake company, and Resinex, a leader in plastic distribution in Europe, today announced that the companies will extend the sales presence of Westlake’s PVC compounds. The partnership will combine Westlake’s expertise in PVC compounds with Resinex’s expertise in distributing polymers solutions to extend Westlake products’ access throughout the Resinex organization.
“We are excited to partner with Resinex with our European compounding business,” said Renee Havrilla, Vice President of Westlake Global Compounds. “Resinex is a highly respected company with a strong track record of cooperation with its customers. Together, we will be able to offer our customers a wider range of high-quality PVC compounds that meet their specific needs.”
The partnership will focus on the European and Turkish market. The companies expect to begin shipping products in the fourth quarter of 2023.
About Westlake Global Compounds
Westlake Global Compounds, a business unit of Houston-based Westlake Corporation (NYSE: WLK), is a global compounding business with facilities worldwide in China, France, Germany, Italy, Mexico, Spain, the United States and Vietnam; as well as a stabilizer plant in Japan and a world-class research facility in France and eight application laboratories. It is a leading manufacturer of specialty PVC compounds. The company has a strong track record of innovation and customer service globally. For more information, see www.westlakeglobalcompounds.com
About Resinex
Founded in 1988 Resinex is a pan-European distribution company with a leading position in the plastics and rubbers distribution market. Resinex is the only polymer supplier covering all European countries, with a broad network of sales offices and local warehouses combined with a central logistic department and warehouse in Belgium. Resinex annually serves more than 10,000 customers.
westlake chemical corporation (nyse: wlk) is an international manufacturer and supplier of petrochemicals, plastics and fabricated products. these chemical and plastic products enhance the daily lives of people around the world. from the tires we ride on, the plastic wrap that keeps our meats and produce fresh, the pipes that are essential to ensuring clean water, to the frames that secure our windows and doors, we play a vital role in supplying the building blocks for these products and many more. westlake chemical employs approximately 4,100 people and operates from 16 locations in north america, 7 in europe as well as 1 location in china. to learn more about westlake chemical, visit www.westlake.com.
