Westlake Upbeat on Demand Growth for Plastic Components

November 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Higher feedstock costs and lower sales volumes took a bite out of Westlake Chemical's (NYSE:WLK) (Houston, Texas) bottom line in the third quarter, but the company remains optimistic about near-term demand, particularly for ingredients used in polyvinyl chloride (PVC) and other plastics-related products.

Industrial Info is tracking nearly $1 billion worth of active and proposed projects from Westlake, more than 80% of which is attributed to plant expansions. Westlake is putting the finishing touches on one of its most significant growth projects: the expansion of its vinyls complex in Louisiana.