Premium Industrial NewsWestlake Chemical Enjoys Rebound in Building Materials Demand
Westlake Chemical Enjoys Rebound in Building Materials Demand
Industry Segment: Chemical Processing | Word Count: 623 Words
SUGAR LAND--May 7, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Westlake Chemical (NYSE:WLK) (Houston, Texas) estimates that Winter Storm Uri, which struck Texas and Louisiana in February, will take a $120 million bite from its pocketbook. But the vinyls and polyolefins company nonetheless reported a 67% increase in first-quarter profits in comparison with the same period of 2020, as it rides a wave of strong polyvinyl chloride (PVC) prices and demand for downstream building products.
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