Axiall Corporation (NYSE: AXLL) and Lotte Chemical Corporation (KOSPI: 011170) of the Republic of Korea today announced that the companies have reached a final investment decision to construct an ethane-based ethylene plant in Lake Charles, LA.
- Company completes acquisition of Boral Limited’s North American building products businesses for $2.15 billion
- Adds leading brands in premium roofing; siding, trim and shutters; decorative stone; and windows
- Additional product lines will broaden Westlake’s footprint into the fast-growing housing and light commercial markets in North America
- Combination brings opportunity to offer more sustainable products to housing materials market
Westlake recently completed the acquisition of Boral Limited’s North American building products businesses in roofing; siding, trim and shutters; decorative stone; and windows for $2.15 billion in an all-cash transaction.
Axiall and Lotte Chemical Announce Louisiana Ethane Cracker Final Investment Decision
Axiall Board of Directors Names Timothy Mann, Jr. President & CEO
The board of directors of Axiall Corporation (NYSE: AXLL) today appointed Timothy Mann, Jr. as the company’s president and chief executive officer, a position to which he was named on an interim basis on July 6, 2015.
Axiall Reports Third-Quarter 2015 Results
Axiall Corporation today announced financial results for the quarter ended Sept. 30, 2015. The company reported net sales of $874.4 million for the third quarter of 2015, compared to net sales of $1,047.2 million reported for the third quarter of 2014.
Axiall Corporation Sells Aromatics Business to INEOS Americas LLC
Axiall Corporation (NYSE: AXLL), a leading integrated chemicals and building products company, has sold its Aromatics division and Pasadena, Texas, manufacturing facility to INEOS Americas LLC for approximately $62.9 million in cash.