Westlake Corporation Issues Statement on Lake Charles Operations
Aug. 27, 2020- Westlake Corporation (NYSE: WLK) today issued a statement regarding Hurricane Laura, which made landfall near its plants in the Lake Charles, Louisiana area. Westlake’s primary concern is for the safety of our employees. The employees who stayed at our facilities during Hurricane Laura are safe. Westlake’s Lake Charles sites have been conducting equipment assessments, following Hurricane Laura’s overnight move through the area. Following initial facility assessments, Westlake believes it has incurred limited physical damage. Restart of the facilities, which Westlake shut down as a precautionary measure in advance of the storm, will primarily depend upon the availability of electricity, industrial gases, and other feedstocks. The statements in this release relating to matters that are not historical facts, such as Westlake’s belief that it has incurred limited physical damage and the anticipated restart of its facilities, are forward-looking statements. These