HOUSTON, Sept. 11 /PRNewswire-FirstCall/ -- Westlake Chemical Corporation (NYSE: WLK), the Houston-based petrochemical and fabricated products company, announced today the establishment of an office in Shanghai, China. The official opening ceremony for the office was attended by Westlake's President and CEO, Albert Chao, and other company executives.
In speaking of this new office Mr. Chao stated, "We are excited to open this new office in Shanghai to serve as the headquarters for our China operations and our greater Asian business initiatives. Our company has a strong historical presence in Asia and we believe this office will provide us enhanced access to global markets and to new commercial and business development opportunities within the region."
Westlake Chemical Corporation currently has a joint venture operation in nearby Suzhou producing approximately 500 million pounds per year of products, including PVC resin and PVC films and window profiles, with approximately 700 employees.
Westlake Chemical Corporation (WLK)
Westlake Chemical Corporation is a manufacturer and supplier of petrochemicals, polymers and fabricated products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC, PVC pipe, windows and fence. For more information, visit http://www.westlake.com.
The statements in this release relating to the new Shanghai office, as well as any other matters that are not historical facts, are forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially. For more detailed information about factors that could cause actual results to differ materially, please refer to Westlake's Annual Report on Form 10-K for the year ended December 31, 2007, which was filed in February 2008.
SOURCE Westlake Chemical Corporation -0- 09/11/2008 /CONTACT: Media Relations, David R. Hansen, or Investor Relations, Steven Bender, both of Westlake Chemical Corporation, +1-713-960-9111/ /Web site: http://www.westlake.com / (WLK) CO: Westlake Chemical Corporation ST: Texas, China IN: CHM SU: KM-SS -- LATH004 -- 7602 09/11/2008 06:00 EDT http://www.prnewswire.com