In November, the Vinyl Institute (VI) recognized several Westlake sites for Outstanding Health, Safety and Environmental performance during calendar year 2023. According to a press release issued by the Vinyl Institute, these awards “are given to VI-member companies for protecting the environment and improving worker safety at manufacturing facilities throughout the United States and Canada.” Erik Keracik, vice president, Westlake North American Vinyls, attended the VI’s annual meeting in November and received the awards on behalf of Westlake. Erik recently assumed his role as chairman of the VI for 2025.
Receiving safety recognition reflects the commitment and hard work of Westlake employees to keep Westlake’s core value of safety at the forefront every day. Westlake founder T.T. Chao stated, “We have put safety first, and it will remain our number one priority. No job can be so important or urgent that people cannot take time to work safely. Life is precious and irreplaceable."
Erik Keracik, vice president, Westlake North American Vinyls (left) pictured with Ned Monroe (right), president and CEO of the Vinyl Institute.
See below for the full list of Westlake sites that received recognition from the Vinyl Institute for their Health, Safety, and Environmental performance throughout 2023.
Safety Excellence Award
Awarded in recognition of plants with five or more consecutive years with no recordable incidents.
Aberdeen, Mississippi Plasticizer/Additive Manufacturing Plant (8 consecutive years of performance)
Calvert City, Kentucky PVC Plant (5 consecutive years of performance)
Safety Honor Award
Awarded in recognition of plants with no recordable incidents for calendar year 2023.
The Vinyl Institute describes plants that receive this award as having “an outstanding track record of performance for five or more consecutive years under EPA's National Emission Standards of Hazardous Air Pollutants (NESHAPs), and other environmental permit requirements.”
Aberdeen, Mississippi Plasticizer/Additive Manufacturing plant (11 consecutive years of performance)
Aberdeen, Mississippi PVC/CPVC Compounding plant (11 consecutive years of performance)
Madison, Mississippi PVC Compounding plant (8 consecutive years of performance)
Environmental Honor Award
This award, presented to only two plants overall, requires emissions reduction under the NESHAPs, the Comprehensive Environmental Response, Compensation, and Liability Act, and EPA's Toxics Release Inventory data for air and water.
PVC Category: Calvert City, Kentucky PVC plant
EDC/VCM Category: Lake Charles South, Louisiana EDC/VCM plant
In November, the Vinyl Institute (VI) recognized several Westlake sites for Outstanding Health, Safety and Environmental performance during calendar year 2023. According to a press release issued by the Vinyl Institute, these awards “are given to VI-member companies for protecting the environment and improving worker safety at manufacturing facilities throughout the United States and Canada.” Erik Keracik, vice president, Westlake North American Vinyls, attended the VI’s annual meeting in November and received the awards on behalf of Westlake.
<p class="text-align-justify" style="line-height:normal;margin-bottom:0in;"><span style="font-family:"Times New Roman",serif;">Mr. Cregg has been a director since December 2024. Mr. Cregg served as President, Chief Executive Officer and Director of AV Homes, Inc., from December 2012 until its sale to Taylor Morrison Homes in October 2018. From August 2011 through November 2012, he served as Senior Vice President of Finance and Chief Financial Officer of The ServiceMaster Company. He served as Executive Vice President and Chief Financial Officer of PulteGroup, Inc. (formerly known as Pulte Homes, Inc.) from May 2003 to May 2011; and as Senior Vice President and Chief Financial Officer of PulteGroup, Inc. from January 1998 to May 2003. Mr. Cregg also served as Executive Vice President and Chief Financial Officer of Zenith Electronics Corporation from 1996 to 1998; Vice President and Chief Financial Officer of Sweetheart Cup Company, Inc. from 1990 to 1996; and Vice President of Mead Corporation from 1989 to 1990. Mr. Cregg began his career at Continental Can Company, where he held a variety of accounting, finance, and administration roles. Mr. Cregg has served on the Board of Directors of Comerica Incorporated since December 2006, the Board of Directors of Sterling Infrastructure Inc. since May 2019 and the Board of Directors of Minto Group since July 2024. Previously, Mr. Cregg served on the Board of Directors of the Federal Reserve Bank of Chicago, Detroit Branch, from January 2004 to December 2009. Mr. Cregg received a bachelor’s of science degree in accounting from Northeastern University and an M.B.A from J.L. Kellogg Graduate School of Management at Northwestern University. </span></p>
Westlake Corporation (NYSE: WLK) today released its 2023 Sustainability Report, the company’s seventh voluntary annual update on sustainability innovations in products and continuous improvement in operations. The report also expands on the Company’s contributions to local communities as well as advancements in employee collaboration and professional development. “We believe great ideas and innovations start with listening. Some of our greatest successes and operational improvements were inspired by our employees and customers,” said Jean-Marc Gilson, President and Chief Executive Officer. “Our sustainability reporting approach gives us additional opportunities to deepen engagement with our stakeholders, internally and externally, by learning how we can do better, celebrating our shared successes and supporting our communities. This report also aligns with our deliberate and disciplined investment approach, including how we advance sustainability with the ultimate objective of
Celebrated 10 th anniversary as a publicly traded master limited partnership having grown the quarterly distribution 71% since IPO Declared quarterly distribution of $0.4714 per unit; 41 st consecutive quarterly distribution Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2024 of $18.1 million, or $0.51 per limited partner unit, an increase of $4.9 million compared to the third quarter 2023 net income of $13.2 million. Cash flows from operating activities in the third quarter of 2024 were $126.1 million, an increase of $25.2 million compared to third quarter 2023 cash flows from operating activities of $100.9 million, due to higher net income. For the three months ended September 30, 2024, MLP distributable cash flow was $17.9 million, an increase of $4.3 million compared to third quarter 2023 MLP distributable cash flow of $13.6 million. The increase in MLP distributable cash flow and
