Westlake Chemical

Westlake Corporation is an American multinational chemical and plastics company with operational headquarters in Houston, Texas, United States. Founded in 1986, it produces ethylene, polyethylene, PVC, and building products. The company's segments lude Olefins and Polyolefins Americas (ethylene and polyethylene production), Olefins and Polyolefins Europe, Asia, and International, and Housing and Infrastructure Products (PVC pipes and windows). Westlake operates over 50 facilities in North America, Europe, and Asia, serving construction, packaging, and automotive sectors through integrated production chains. Its global operations involve third-party suppliers for feedstocks and catalysts, emphasizing compliance with REACH, TSCA chemical regulations, and OSHA safety standards, with vendor qualification processes to mitigate supply risks and ensure sustainability under Scope 3 emissions reporting. The firm targets circular economy initiatives like recycled PVC. In fiscal year 2024, ending December 31, Westlake reported net revenues of $12.14 billion, a 3.2% decrease from 2023 due to commodity pressures, with Housing and Infrastructure Products achieving record EBITDA of $1.1 billion.