Westlake Chemical Corporation Elects New Board Members

Westlake Chemical Corporation Elects New Board Members

HOUSTON, Aug. 16 /PRNewswire-FirstCall/ -- Westlake Chemical Corporation (NYSE: WLK) today announced the election of four new members to its board of directors. Mr. Robert T. Blakely, Executive Vice President and Chief Financial Officer of MCI, Inc., Mr. Max L. Lukens, Chief Executive Officer and President of Stewart & Stevenson Services, Inc., and Dr. Gilbert R. Whitaker, Jr., Dean and Professor of Business Economics, Jesse H. Jones Graduate School of Management, Rice University, have joined the board as independent directors. These directors will be members of the company's independent Audit Committee. Ms. Ruth I. Dreessen, Sr. Vice President and CFO of the company, has also been elected to the board as a new director.

On August 11, 2004 the Company completed its initial public offering and was listed on the New York Stock Exchange under the symbol "WLK". Commenting on the addition of these new board members, James Chao, Chairman of Westlake Chemical, noted, "We are extremely pleased and honored that these new directors have agreed to join our board. They each possess a vast record of personal and professional achievements and will bring important leadership and public board experience to Westlake."

Westlake Chemical Corporation is a vertically integrated international manufacturer and supplier of petrochemicals, polymers and fabricated products with headquarters in Houston, Texas. The company's range of products includes ethylene, polyethylene, styrene, vinyl intermediates, PVC, PVC Pipe, PVC windows, fence and decking components. More information on the company can be found at http://www.westlakechemical.com .

SOURCE Westlake Chemical Corporation
08/16/2004
CONTACT: D. R. Hansen, Media Relations, dhansen@westlakechemical.com
or Graham McArthur, Investors Relations, gmcarthur@westlakechemical.com , both
of Westlake Chemical Corporation, +1-713-960-9111
Web site: http://www.westlakechemical.com
(WLK)

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