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On February 15, the American chemical giant Westlake Chemical Corporation announced that it plans to officially change its name to Westlake Corporation on February 18, 2022
As for the reason for the name change, Westlake President and CEO Albert Chao said, "We have reached an important milestone in the company's history
"By changing our name, it will better represent the breadth of industries we serve, including housing and construction, automotive and consumer life>
Westlake Chemical made a series of acquisitions in 2021, including the acquisition of injection-molded PVC fittings maker LASCO Fittings; and the $2.
In addition, it recently acquired the global epoxy resin business of specialty chemicals company Hexion for approximately $1.
Westlake established two new reporting divisions - Residential and Infrastructure Products business, including Westlake Royal Building Products, Westlake Pipe Fittings, Westlake Universal Complex and Westlake Dimex; Performance and Primary Materials business including North American Vinyl, North American Chlor-Alkali and their derivatives , European and Asian vinyl chloride, olefin, polyethylene and epoxy resin
According to the 2021 Top 50 U.
