About Westlake Chemical
Westlake Chemical is a company based in Houston (United States) founded in 1986.. The company has 15,540 employees as of December 31, 2024. Westlake Chemical has completed 6 acquisitions, including Axiall Corporation, Boral North America and Dimex Corp. Westlake Chemical offers products and services including Westlake Pipe & Fittings, Westlake Epoxy, Westlake Global Compounds, and Westlake Royal Building Products.
- Headquarter Houston, United States
- Employees 15540 as on 31 Dec, 2024
- Stage Public
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Sectors
Chemicals & Materials
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Phone
*********
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Website
*********
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Social
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- Legal Name Westlake Corporation
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Annual Revenue
$12.14 B-3.24as on Dec 31, 2024
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Net Profit
$599 M25.84as on Dec 31, 2024
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EBITDA
$2.08 B-10.69as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
15540
as on Dec 31, 2024
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Investments & Acquisitions
Axiall Corporation
& 5 more
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IPO & Listings of Westlake Chemical
Westlake Chemical is a publicly listed company on the NYSE with ticker symbol WLK in USA, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Westlake Chemical
Westlake Chemical offers a comprehensive portfolio of products and services, including Westlake Pipe & Fittings, Westlake Epoxy, Westlake Global Compounds, and Westlake Royal Building Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides pipes and fittings for infrastructure and construction needs
Offers epoxy materials for industrial and coating applications
Supplies compounds for various manufacturing and product uses
Delivers products for housing and architectural applications
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Software Development Team
94 people
Leadership Team
52 people
Human Resources and Administration
36 people
Senior Team
31 people
Finance and Accounting
27 people
Product Management Team
26 people
Sales and Marketing
15 people
Sr. Team
14 people
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Funding Insights of Westlake Chemical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Westlake Chemical
Westlake Chemical has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Axiall Corporation, Boral North America and Dimex Corp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Skin care treatments are offered via a chain of clinics.
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2014 | ||||
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Manufacturer and supplier of petrochemicals, plastics, and building products
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2013 | ||||
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Major automotive components are manufactured and supplied by Hexion.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Westlake Chemical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Westlake Chemical Comparisons
Competitors of Westlake Chemical
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Westlake Chemical
Frequently Asked Questions about Westlake Chemical
When was Westlake Chemical founded?
Westlake Chemical was founded in 1986.
Where is Westlake Chemical located?
Westlake Chemical is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Westlake Chemical?
Albert Chao is the current CEO of Westlake Chemical.
How many employees does Westlake Chemical have?
As of Dec 31, 2024, the latest employee count at Westlake Chemical is 15,540.
What is the annual revenue of Westlake Chemical?
Annual revenue of Westlake Chemical is $12.14B as on Dec 31, 2024.
What does Westlake Chemical do?
Westlake Chemical was established in 1986 and is headquartered in Houston, United States. Chemical and plastic products are produced globally by the corporation, with a focus on petrochemicals, plastics, and building materials. The brand portfolio is comprised of Suzhou Huasu, North American Pipe Corporation, Royal Building Products, Vinnolit, Westech, and Westlake Chemical Partners. Annual revenues of 15.09 billion and net profits of 1.87 billion were reported for 2022.
What products or services does Westlake Chemical offer?
Westlake Chemical offers Westlake Pipe & Fittings, Westlake Epoxy, Westlake Global Compounds, and Westlake Royal Building Products.
Is Westlake Chemical publicly traded?
Yes, Westlake Chemical is publicly traded on NYSE under the ticker symbol WLK.
How many acquisitions has Westlake Chemical made?
Westlake Chemical has made 6 acquisitions, including Axiall Corporation, Boral North America, and Dimex Corp.
What is Westlake Chemical's ticker symbol?
The ticker symbol of Westlake Chemical is WLK on NYSE.