SOURCE: Industrial Info Resources

February 20, 2009 06:30 ET

Westlake Chemical Hopes for Better 2009 as Fourth Quarter Brings Down 2008 Earnings, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 20, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Westlake Chemical Corporation (NYSE:WLK) (Houston, Texas) reported a rough fourth-quarter 2008, as the company suffered a net loss of $109.6 million in the quarter, compared with income of $18.8 million in the fourth quarter of 2007. The company's net sales were down almost 30% year over year, coming in at $597.1 million in 4Q08. The lower sales figures were caused by both a severe drop in the prices of Westlake's chemical products and reduced demand as customers ran down their inventories.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=143988, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

INEOS Maintains Course for Spending Planned in North America

BASF Adds Catalyst-Manufacturing Capacity to Alabama Plant

PetroLogistics Making Significant Progress on Conversion of Former ExxonMobil Ethylene Plant in Texas

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147