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Westlake Corporation - WLK STOCK NEWS

Welcome to our dedicated page for Westlake Corporation news (Ticker: WLK), a resource for investors and traders seeking the latest updates and insights on Westlake Corporation stock.

Westlake Corporation (NYSE: WLK) is a globally recognized manufacturer and supplier of petrochemicals, plastics, and fabricated products. These products play a crucial role in enhancing the daily lives of people worldwide. From the tires we ride on to the plastic wrap that keeps our food fresh, and from the pipes ensuring clean water to the frames securing our windows, Westlake Corporation's offerings are integral to a multitude of everyday applications.

Headquartered in Houston, Texas, Westlake employs approximately 4,100 people and operates from 16 locations across North America, 7 in Europe, and 1 in China. This extensive network enables the company to efficiently serve a global clientele.

Westlake Corporation's business is divided into two main segments:

  • Performance and Essential Materials: This segment provides a wide range of fundamental building blocks for numerous products used in daily life, including olefins, vinyl chemicals, polyethylene, and epoxies. These materials are essential for various industries, from automotive to packaging and construction.
  • Housing and Infrastructure Products: This segment focuses on producing finished goods critical to the building products, pipe and fittings, and global compounds businesses. The products in this segment support infrastructure development and housing projects, highlighting Westlake's significant role in these sectors.

Westlake Corporation prides itself on innovation and sustainability. The company has been involved in numerous projects aimed at reducing environmental impact, enhancing product performance, and ensuring safety standards. Recent achievements include advancements in polymer technology and strategic partnerships that expand their market reach and enhance product offerings.

Financially, Westlake Corporation has demonstrated robust performance, reflecting its strategic investments and market positioning. The company's financial health is supported by a strong balance sheet, consistent revenue growth, and effective cost management strategies.

For more detailed information and the latest updates, visit Westlake Corporation's official website.

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The Board of Directors of Westlake Corporation (NYSE:WLK) has declared a regular dividend of $0.2975 per share for Q4 2021, payable on March 15, 2022. Stockholders on record as of March 1, 2022 will receive this dividend. This marks the 70th consecutive quarterly dividend since Westlake's IPO in August 2004, showcasing the company's commitment to returning value to its shareholders.

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Westlake Chemical Corporation (NYSE: WLK) will host its inaugural Investor Day on April 7, 2022, at 9:00 a.m. Eastern Time in New York City. Key executives, including Albert Chao and Steve Bender, will present the company's long-term strategic vision, financial outlook, and capital allocation priorities. The event highlights Westlake’s diversified portfolio across several industries, including construction, automotive, and healthcare. Attendance will be limited due to COVID-19, but a live webcast will be available on westlake.com.

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Westlake Chemical Corporation (NYSE: WLK) will officially rebrand as Westlake Corporation on February 18, 2022. This change reflects a diversified business portfolio following $3.8 billion in recent acquisitions. The company will operate under two segments: Housing & Infrastructure Products and Performance & Essential Materials. Key acquisitions include LASCO Fittings, Dimex LLC, and Hexion Inc.'s global epoxy business, enhancing Westlake's position in crucial markets. The rebranding aims to better represent the expanded industries served, especially in housing and infrastructure.

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Westlake Royal Building Products has introduced a new 5/8” Lap Siding profile to its TruExterior poly-ash siding line at the 2022 International Builders’ Show. This product reflects the look and performance of traditional cedar lap siding, crafted from a proprietary poly-ash material that offers durability and low maintenance. The siding mimics cedar's thickness and features a true 5/8” butt, available in 16-foot lengths. The TruExterior line requires no special tools for installation and can withstand ground contact, making it a versatile choice for builders in North America.

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Westlake Royal Building Products will present its innovative range of building products at the 2022 NAHB International Builders’ Show in Orlando, Florida from February 8-10, 2022. This event marks the launch of the Westlake Royal Building Products brand, combining the strengths of Royal®, Boral®, and DaVinci brands. New products include Board & Batten siding, TruExterior 5/8” Lap Siding, and a new color for Zuri Premium Decking. The brand aims to enhance market presence with a diverse portfolio of high-quality, low-maintenance products.

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Westlake Royal Building Products has announced the 2021 DaVinci Masterpiece Contractor Project of the Year Awards, celebrating four outstanding projects: three residential and one commercial. Residential honors go to Absolute Construction (Garland, Texas), Action Roofing (Santa Barbara, Calif.), and Braswell Construction Group (Greensboro, Ga.). Champion Roofing (Oklahoma City, Okla.) received top recognition for a commercial project at the Children's Center Rehabilitation Hospital. These awards highlight excellence in installation, visual impact, and roofing transformation.

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Westlake Royal Building Products has launched SwiftGuard, a synthetic roofing underlayment designed for various roofing types, including steel, tile, shingle, and shake. It features patented nail gasketing technology for enhanced durability and weather protection. SwiftGuard allows for exposure to the elements for up to 180 days without degradation, making it suitable for steep slope installations. The underlayment meets ASTM standards and is lightweight, facilitating easy transport and installation. It will be showcased at the International Roofing Expo and International Builders’ Show in early February 2022.

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Hexion has finalized the sale of its epoxy-based Coatings and Composite businesses, including epoxy specialty and base resins, to Westlake Chemical for approximately $1.2 billion. This strategic move aims to maximize shareholder value and aligns with Hexion's ongoing initiatives. Following this transaction, Hexion will focus on its Adhesives and Versatic™ Acids product lines, leveraging strong demand in North America. Additionally, Hexion is set to be acquired by affiliates of American Securities for $30.00

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Westlake Chemical Corporation (NYSE: WLK) has successfully acquired Hexion Inc.’s global epoxy business for approximately $1.2 billion in an all-cash transaction. This acquisition aims to enhance Westlake’s portfolio with specialty resins, coatings, and composites that serve high-growth industries, including renewable energy and automotive sectors. The newly branded Westlake Epoxy will play a key role in manufacturing sustainable products like wind turbine blades and lightweight automotive components, aligning with Westlake's commitment to sustainability and growth.

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Westlake Royal Building Products has launched Westlake Royal Roofing, combining the former Boral North America and DaVinci Roofscapes product lines into a comprehensive offering. Unveiled at the 2022 International Roofing Expo in New Orleans, this new branding enhances their portfolio of clay, concrete, steel, and composite roofing solutions. The launch includes innovative products like SwiftGuard and Sol-R-Skin BLUE, aimed at improving roof performance and resilience. This strategic move positions Westlake to better serve contractors, customers, and homeowners across North America.

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FAQ

What is the current stock price of Westlake Corporation (WLK)?

The current stock price of Westlake Corporation (WLK) is $113.23 as of December 20, 2024.

What is the market cap of Westlake Corporation (WLK)?

The market cap of Westlake Corporation (WLK) is approximately 14.6B.

What does Westlake Corporation do?

Westlake Corporation is a manufacturer and supplier of petrochemicals, plastics, and fabricated products essential for everyday life.

Where is Westlake Corporation headquartered?

Westlake Corporation is headquartered in Houston, Texas.

How many employees does Westlake Corporation have?

Westlake Corporation employs approximately 4,100 people.

What are the main segments of Westlake Corporation?

Westlake Corporation operates mainly through its Performance and Essential Materials segment and its Housing and Infrastructure Products segment.

What products does the Performance and Essential Materials segment offer?

This segment offers essential building blocks such as olefins, vinyl chemicals, polyethylene, and epoxies.

What is included in the Housing and Infrastructure Products segment?

This segment includes finished goods for building products, pipe and fittings, and global compounds businesses.

In which regions does Westlake Corporation operate?

Westlake Corporation operates in North America, Europe, and China.

What recent achievements has Westlake Corporation made?

Recent achievements include advancements in polymer technology and strategic partnerships expanding market reach and product offerings.

How financially stable is Westlake Corporation?

Westlake Corporation has a strong balance sheet and consistent revenue growth, reflecting its robust financial health.

Where can I find more information about Westlake Corporation?

For more information, you can visit Westlake Corporation's official website at www.westlake.com.

Westlake Corporation

NYSE:WLK

WLK Rankings

WLK Stock Data

14.56B
34.28M
73.35%
26.81%
0.94%
Specialty Chemicals
Industrial Organic Chemicals
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United States of America
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