Westlake Chemical Sees 20% Increase in Fourth-Quarter Sales, Sets 2015 Capex at $400 Million to $450 Million
SUGAR LAND--February 25, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Westlake Chemical Corporation (NYSE:WLK) (Houston, Texas) reported $183.3 million in fourth-quarter 2014 net income, up from $171 million in the same quarter a year earlier. The company saw net sales of $1.14 billion during the quarter, up from $951.6 million in fourth-quarter 2013. Westlake attributed the 20% increase in sales to the third-quarter 2014 acquisition of specialty polyvinyl chloride (PVC) business Vinnolit Holdings GmbH (Ismaning, Germany). Industrial Info is tracking 50 capital and maintenance projects planned by Westlake worth nearly $900 million.
Within this article: Fourth-quarter earnings report for Westlake Chemical Corporation, with additional information on Westlake Chemical Partners LP (NYSE:WLKP).
