SOURCE: Industrial Info Resources

Industrial Info Resources

August 06, 2014 06:30 ET

Westlake Profits Rise on Olefins Prices, Kentucky Plant Turns to Ethane From Marcellus, Utica, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Aug 6, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Westlake Chemical Corporation (NYSE:WLK) (Houston, Texas) reported its second-quarter net income rose 16% to $169.4 million from the same quarter last year as a result of higher prices for its olefins products as well as higher polyethylene, styrene and caustic soda sales volumes. However, an extended maintenance turnaround at its Calvert City facility in Kentucky, and an unplanned ethylene outage at its Lake Charles (Sulphur) plant in Louisiana, put a $13 million dent in the company's results.

Within this article: Details on Westlake Chemical Corporation's (NYSE:WLK) ethylene capacity expansion at Sulphur, Louisiana, and ethylene furnace replacement at Calvert City, Kentucky, including capacities, completion periods and investment values.

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