Westlake Chemical Acquires Additional Interest in Suzhou Huasu Plastics Company
HOUSTON, June 1, 2015 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) announced today that it has acquired INEOS ChlorVinyls Holdings B.V.'s 35.7% interest in Suzhou Huasu Plastics Co., Ltd. (SHPC), a polyvinyl chloride (PVC) resin and downstream fabrication joint venture based near Shanghai, China. Westlake now owns a 95% interest in this joint venture.
Albert Chao, President and CEO of Westlake Chemical Corporation stated, "We are pleased to increase our shareholding in this important joint venture serving the Chinese and export markets. We wish to thank INEOS ChlorVinyls Holdings B.V. for its past support and contribution toward the growth of SHPC."
SHPC operates a PVC resin production plant, along with specialty film and window profile operations.
Westlake Chemical Corporation (WLK)
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, caustic, VCM, PVC suspension and specialty resins and PVC building products including pipe and specialty components, windows, fence, deck and film. For more information, visit the company's Web site at www.westlake.com.
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SOURCE Westlake Chemical Corporation
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