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Westlake Growth Drives Changes to its Business Segments

Westlake, a global diversified industrial company, has changed its business segments from Olefins and Vinyls to Westlake Performance & Essential Materials and Westlake Housing & Infrastructure Products in order to better reflect its portfolio offerings and recognize the growth of our business. Our businesses offer customers around the world essential and more sustainable products and materials that enhance people's lives every day.

Both of our new business segments, which are now under a more simplified and streamlined "One Westlake" brand, are vital parts of our Corporate Purpose of driving a sustainable future by creating essential materials that contribute to Enhancing Your Life Every Day®. While the renewed Westlake brand recognizes the growing composition of our business, it does not change our foundational commitments to delivering the highest quality and service to our customers. We continue to offer our employees a family environment where safety and sustainability are at the forefront of everything we do.

Learn more about our "One Westlake" brand

Fast Facts

Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. We provide the building blocks for vital solutions —  from packaging and healthcare products to automotive and consumer goods to building and construction products.

Total
Employment:

14,550
(year-end 2021)

Revenues
(2021):

Approx.
$11.8 billion

News & Stories

Sustainability Image
Westlake Releases 2021 ESG Report with GRI/SASB Data Appendix

Westlake Corporation (NYSE: WLK) today released its 2021 Environmental, Social and Governance Report and, concurrently, its Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) Appendix, as the company enhances its data reporting systems and reinforces its…

09/26/2022
Corporate & Financial Image
Westlake Chemical Partners Provides Tax Reporting Information

Westlake Chemical Partners (NYSE: WLKP) today provided the following information regarding 2021 investor tax reporting: As previously noted in the 2021 Investor Tax Reporting Package for your investment in Westlake Chemical Partners, LP, the Partnership will report items of international tax…

09/15/2022
Corporate & Financial Image
Westlake Announces $500 Million Expansion of Existing Share Repurchase Program and 20% Increase in Quarterly Dividend

The Board of Directors of Westlake Corporation (NYSE: WLK) today authorized the company to repurchase an additional $500 million of shares of its common stock under its existing share repurchase program. As of August 12, 2022, approximately 9.8 million shares of common stock had been acquired at…

08/12/2022
Westlake Chemical Partners LP Announces Second Quarter 2022 Results
Westlake Chemical Partners LP Announces Second Quarter 2022 Results

Declared quarterly distribution of $0.4714 per unit; 32 nd consecutive quarterly distribution Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the second quarter of 2022 of $16.4 million, or $0.47 per limited partner unit…

08/02/2022
Westlake Corporation Reports Record Second Quarter 2022 Results
Westlake Corporation Reports Record Second Quarter 2022 Results

Record quarterly net sales of $4.5 billion, an increase of 57% vs. second quarter 2021 net sales Record quarterly net income of $858 million, an increase of 64% vs. second quarter 2021 net income Record quarterly EBITDA of $1.5 billion, an increase of 56% vs. second quarter 2021 EBITDA Westlake…

08/02/2022

Westlake Corporation

NYSE: WLK

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