SOURCE: Industrial Info Resources

Industrial Info Resources

February 23, 2011 06:40 ET

Westlake Chemical Hits Record Highs in Fourth-Quarter, Full-Year 2010, Buoyed by Olefins, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 23, 2011) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Chemical and plastic products manufacturer Westlake Chemical Corporation (NYSE:WLK) (Houston, Texas) saw record net income in the fourth quarter and significant gains in full-year 2010, boosted by higher sales prices for all of the company's major products and higher sales volumes for PVC resin and caustic. Net income was reported to be $84.07 million for the quarter, compared with $12.45 million in fourth-quarter 2009, and $221.39 million for the year, compared with $53 million for 2009.

Industrial Info is tracking 15 active Westlake projects in the U.S. that are worth a total of more than $370 million, including a $40 million furnace addition at a petrochemicals plant in Sulphur, Louisiana. For more information, visit Industrial Info's North American Chemical Processing Project Database.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=174054, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo