“One-Pellet Solution” Targets Use of Post-Consumer Content in Flexible Packaging Westlake Corporation (NYSE: WLK) today announced the launch of PIVOTAL™, a line of “one-pellet solutions” for the introduction of post-consumer resin (PCR) into flexible packaging. PIVOTAL™ offers customers a more sustainable material for use in the production of non-FDA…
Westlake's Statement - 9/20/2023
Westlake Corporation’s Lake Charles operations have been actively investigating, managing, and responding to the condition of one of the company’s salt caverns located in the Sulphur, Louisiana area.
Since January 2023, Westlake has been working diligently with the Louisiana Department of Natural Resources (DNR) to address the situation. Westlake immediately started engaging third party experts (e.g., seismologists, geophysicists, geo-mechanical engineers) to assist Westlake in understanding the situation and to provide us advice on how to best address it, including brine injection into the well, which has stabilized cavern pressure. We also have continued to work with the DNR on any developments, additional observations, and to mobilize additional resources and services to anticipate and respond to any circumstances that may arise.
Westlake Introduces High-Performance PIVOTAL™ Polyethylene Resin with Post-Consumer Content
Westlake Announces 40% Increase in Quarterly Dividend
The Board of Directors of Westlake Corporation (NYSE: WLK) today declared a regular dividend distribution of 50.00 cents per share for the second quarter of 2023, an increase of approximately 40% from the 35.70 cents per share of the first quarter of 2023. This dividend will be payable on September 12, 2023, to stockholders of record on August 25, 2023…
Westlake Corporation Reports Second Quarter 2023 Results
Housing and Infrastructure Products segment provided earnings stability Cash from operations of $555 million and free cash flow of $315 million Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced second quarter 2023 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data) Three Months Ended June 30, 2023…
Westlake Chemical Partners LP Announces Second Quarter 2023 Results
Declared quarterly distribution of $0.4714 per unit; 36 th consecutive quarterly distribution Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the second quarter of 2023 of $11.9 million, or $0.34 per limited partner unit, a decrease of $4.5 million compared to second quarter…