2018 Capital Expenditures will lead to Expanded Capacities in 2019, 2020 and 2021
HOUSTON--(BUSINESS WIRE)--Feb. 19, 2018-- Westlake Chemical Corporation (NYSE: WLK) today announced that it will expand capacities for the production of polyvinyl chloride (PVC) and vinyl chloride monomer (VCM) at three of its chemical facilities. Two of the plants are located in Germany (Burghausen, Gendorf) and one is located in Geismar, Louisiana. The expansions in Burghausen and Geismar are expected to be completed in 2019. The Gendorf expansions are expected to be completed in 2020 and 2021.
The expansion projects are expected to add approximately 750 million pounds annually of additional PVC and approximately 200 million pounds annually of additional VCM to the company’s production. Specialty PVC will be expanded at Burghausen and suspension PVC will be expanded at Geismar. VCM production will be expanded at Geismar and Gendorf. In addition, chlor-alkali production will be expanded at the Gendorf facility, adding approximately 55 million pounds annually of chlorine capacity and the associated 60 million pounds annually of membrane caustic soda capacity.
“The chlor-alkali, PVC and VCM capacity expansions in Germany will be our first since we completed the acquisition of our Vinnolit subsidiary in 2014,” said Westlake Chemical President and CEO Albert Chao. “These PVC and VCM expansions support our integrated vinyl products chain and demonstrate Westlake’s commitment to provide our global customers with additional production to meet their growing needs.”
About Westlake Chemical Corporation
Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, chlor-alkali and derivative products, PVC suspension and specialty resins, PVC Compounds, and PVC building products including siding, pipe, fittings and specialty components, windows, fence, deck and film. For more information, visit the company's Web site at www.westlake.com.
Source: Westlake Chemical Corporation
Westlake Chemical Corp.
Ben Ederington, 713-960-9111
Steve Bender, 713-960-9111