BNET Industries
Market Cap:$1.3B
Last Fiscal Year Sales:$3.6B
- Public
- US
Dow Jones Description
Westlake Chemical is an international manufacturer and supplier of petrochemicals and fabricated products that enhance the daily lives of people around the planet. The tires we ride on, the plastic wrap that keeps our meats and produce fresh, the pipes that are essential to ensuring clean water, the frames that secure our windows and doors, Westlake plays a vital role in supplying the building blocks for these products and many more. Westlake operates from 15 locations in North America as well as China. Our unwavering goal is to provide quality products and service to our clients by being highly responsive, reliable, nimble and easy to work with. We are a dependable supplier of products in their most common forms. Yet, we are also known for collaborating closely with clients to develop specialized product properties that will help them meet their own end-product design goals.
President & Chief Executive OfficerAlbert Chao
Number of Employees 2,100
Peer Companies
NAICS Code Petrochemical Manufacturing: 325110
Recent Events
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Westlake Chemical WLK Declares A Quarterly Dividend of 5.25 Cents Per Share
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TSC Ratings' Changes: Hansen Natural
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Lower Selling Prices Cause Westlake Chemical 1Q Net Loss of $6.1 Million
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Westlake Chemical Acquires Four Industrial Buildings
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Westlake Chemical posts $110M loss in Q4
News & Analysis
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westlake chemical corp. - All News and Analysis
Westlake Chemical Corporation Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions and the first question comes from the line of Kevin McCarthy from Banc of America Securities; please proceed. Alex Kramer [Ph] - Banc of America Securities Hi this is Alex Kramer [Ph] for Kevin. A question about your operating rates, could you comment on...
Westlake Chemical Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. The first question comes from the line of Roger Smith of Banc of America. Roger Smith - Bank of America Hi, thank you very much. Just on the FIFO losses and unabsorbed plant overhead expenses in each olefin and vinyls, is it possible to break...
Westlake Chemical Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you, Dave. Operator instructions And your first question on the line will come from Mark Connolly from - Credit Suisse. You may proceed Mark. Mark Connolly- Credit Suisse Good morning, this is Nils Wallin sitting in for Mark. How are you? Steve Bender...
Westlake Chemical Corporation. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Kevin McCarthy with Banc of America Securities. Please proceed. Kevin McCarthy - Banc of America Securities Yes, good morning. The volume numbers on PVC resin at least for the segment came in fairly strong at positive 12.5%....
Westlake Chemical Corporation Q1 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Analyst for Mark Connelly - Credit Suisse. Analyst for Mark Connelly - Credit Suisse Is it the FIFO impact was around $0.07 per share, is that correct? M. Steven Bender No, no. In the first quarter...
Westlake Chemical Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Operator Instructions Your first question comes from the line of Kevin McCarthy of Banc of America Securities. Please proceed. Kevin McCarthy - Banc of America Securities Good morning, Albert, how would you characterize demand for PVC fabricated products and municipal or commercial construction as...
Current Research on Westlake Chemical Corp.
M2 PRESSWIRE-23 May 2007-Large Cap News: Current Research on Westlake Chemical Corp.C1994-2007 M2 COMMUNICATIONS LTD RDATE:23052007 Money matters, and vertically integrated Westlake Chemical turns matter into money. The company produces petrochemicals and plastics such as PVC. Its petrochemicals include ethylene, ethyl...
Trade Alert for Westlake Chemical Corp.
M2 PRESSWIRE-2 April 2007-bellwetherreport.com: Trade Alert for Westlake Chemical CorpC1994-2007 M2 COMMUNICATIONS LTD RDATE:02042007 Trade Alert for Westlake Chemical Corp (NYSE:WLK) Westlake Chemical Corporation, together with its subsidiaries, engages in the manufacture and marketing of basic chemicals, vinyls, ...
Westlake Chemical Corp. Added to Bellwether Watch List.
M2 PRESSWIRE-20 February 2007-Blue Chip News: Westlake Chemical Corp. Added to Bellwether Watch ListC1994-2007 M2 COMMUNICATIONS LTD RDATE:20022007 Money matters, and vertically integrated Westlake Chemical turns matter into money. The company produces petrochemicals and plastics such as PVC. Its petrochemicals include...
Westlake Chemical Corp. is Added to Watch List.
M2 PRESSWIRE-22 January 2007-bellwetherreport.com: Westlake Chemical Corp. is Added to Watch ListC1994-2007 M2 COMMUNICATIONS LTD RDATE:22012007 Money matters, and vertically integrated Westlake Chemical turns matter into money. The company produces petrochemicals and plastics such as PVC. Its petrochemicals include ethylene, ethyl...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Albert Chao | President & Chief Executive Officer |
| George J. Mangieri | Vice President, Chief Accounting Officer |
| M. Steven Bender | Senior Vice President, Chief Financial Officer & Treasurer |
| David R. Hansen | Senior Vice President, Administration |
| Wayne D. Morse | Senior Vice President, Vinyls |
| Jeffrey L. Taylor | Vice President, Polyethylene |
| Stephen Wallace | Vice President, General Counsel & Secretary |
| Donald M Condon Jr. | Senior Vice President, Corporate Planning & Business Development |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| James Chao | Chairman |
| Dorothy C. Jenkins | Board of Directors |
| E. William Barnett | Board of Directors |
| H. John Riley Jr. | Board of Directors |
| Max L. Lukens | Board of Directors |
| Robert T. Blakely | Board of Directors |
Mr. Chao has been our President since May 1996 and a director since June 2003. Mr. Chao has over 30 years of international experience in the chemical industry. In 1985, Mr. Chao assisted his father T.T. Chao and his brother James Chao in founding us, where he served as Executive Vice President until he succeeded James as President. He has held positions in the Controller’s Group of Mobil Oil Corporation, in the Technical Department of Hercules Incorporated, in the Plastics Group of Gulf Oil Corporation and has served as Assistant to the Chairman of China General Plastics Group and Deputy Managing Director of a plastics fabrication business in Singapore. He is also a director of Titan Chemicals Corp. Bhd. Mr. Chao received a bachelor’s degree from Brandeis University and an M.B.A. from Columbia University. Mr. Chao is a trustee emeritus of Rice University.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | President & Chief Executive Officer | Current |
| Westlake Styrene Corporation | President | Current |
| C. A. & O. Westlake Corporation | President | Current |
| Westlake Polymers Corporation | President | Current |
| Westlake PVC Corporation | President | Current |
| Westlake Olefins Corporation | President | Current |
| Westlake Group, LLC | President | Current |
| Hercules Incorporated | Controller | Current |
| Gulf Oil Corporation | Controller | Current |
| The Titan Group LLC | Director | Current |
| Titan Chemicals Corp | Director | Current |
| Westlake Chemical Corporation | Board of Directors | Current |
| Westlake Vinyl Corp | President | Former |
| Westlake Petrochemicals Corporation | President | Former |
| Westlake Chemical Corporation | President | Former |
| Westlake Chemical Corporation | Executive Vice President | Former |
| Hercules Incorporated | Technical Department | Former |
| Columbia University | M.B.A. | Former |
| Brandeis University | Bachelor's Degree | Former |
| Gulf Oil Corporation | Team Member | Former |
Mr. Mangieri has been our Vice President and Chief Accounting Officer since February 2007. From April 2000 to February 2007, he was Vice President and Controller. Prior to joining us, Mr. Mangieri served as Vice President and Controller of Zurn Industries, Inc. from 1998 to 2000. He previously was employed as Vice President and Controller for Imo Industries, Inc. in New Jersey, and spent over 10 years in public accounting with Ernst & Young LLP, where he served as Senior Manager. He received his Bachelor of Science degree from Monmouth College and is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | Vice President, Chief Accounting Officer | Current |
| Zurn Industries | Vice President | Former |
| Zurn Industries | Controller | Former |
| Monmouth College | Bachelor of Science Degree | Former |
Mr. Bender was promoted to Senior Vice President, Chief Financial Officer and Treasurer in February 2008. From February 2007 to February 2008, Mr. Bender served as our Vice President, Chief Financial Officer and Treasurer and from June 2005 to February 2007, he served as our Vice President and Treasurer. From June 2002 until June 2005, Mr. Bender served as Vice President and Treasurer of KBR, Inc., and from 1996 to 2002 he held the position of Assistant Treasurer for Halliburton Company. Prior to that, he held various financial positions within that company. Additionally, he was employed by Texas Eastern Corporation for over a decade in a variety of increasingly responsible audit, finance and treasury positions. Mr. Bender received a Bachelor of Business Administration from Texas A&M University and an M.B.A. from Southern Methodist University. Mr. Bender is also a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | Senior Vice President, Chief Financial Officer & Treasurer | Current |
| Westlake Chemical Corporation | Vice President | Former |
| Southern Methodist University | M.B.A. | Former |
| Texas A&M University | Bachelor of Business Administration | Former |
Mr. Hansen has been our Senior Vice President, Administration, since September 1999 and served as Vice President, Human Resources from 1993 to 1999. From August 2003 until July 2004 he was also our Secretary. Prior to joining us in 1990, Mr. Hansen served as Director of Human Resources & Administration for Agrico Chemical Company and held various human resources and administrative management positions within the Williams Companies. He has 30 years of administrative management experience in the oil, gas, energy, chemicals, pipeline, plastics and computer industries. He received his Bachelor of Science degree in Social Science from the University of Utah and has completed extensive graduate work toward an M.S. in Human Resources Management.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | Senior Vice President, Administration | Current |
| North American Pipe Corp. | Senior Vice President, Admin | Former |
Mr. Morse has been a Senior Vice President since 1994 and was named Senior Vice President, Vinyls and Manufacturing in January 2003. In July 2004, he was named Senior Vice President, Vinyls. Mr. Morse joined us in 1990 after 23 years of service with Goodrich Corporation. He held the position of Vice President and General Manager of BFG Intermediates Division, which had ethylene, chlor-alkali and EDC/VCM operations. Since joining us, Mr. Morse has had broad executive responsibility for all chemical operations and is the senior manufacturing executive of our company. Mr. Morse earned a B.S. degree in Chemical Engineering from the University of Louisville.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | Senior Vice President, Vinyls | Current |
Mr. Taylor was promoted to Senior Vice President, Polyethylene in April 2008. From January 2003 to April 2008, Mr. Taylor served as our Vice President, Polyethylene. Mr. Taylor joined us in March 2002 as Manager, Polyethylene Marketing. Mr. Taylor joined us after a 25-year career with Chevron Phillips Chemical Company where he served as the Vice President, Polyethylene, Americas from 2000 to 2001 and Marketing Manager—Polyethylene from 1999 to 2000. During his career, he has held a variety of sales, marketing, operations and general management assignments. He is a graduate of the University of Delaware with a B.S. in Business Administration and a B.A. in Mathematics.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | Vice President, Polyethylene | Current |
Mr. Wallace joined us in December 2003 as our Vice President and General Counsel and was elected Secretary in July 2004. He began his legal career over 20 years ago at the law firm of Baker Botts L.L.P., which he left as a partner in 1993. He subsequently held senior corporate legal positions with Transworld Oil U.S.A., Inc. (1993-1996; 2002-2003), Oman Oil Company Ltd. (1996-1997), and Enron Global Exploration & Production Inc. and its affiliates (1997-2002). Mr. Wallace holds a B.A. from Rice University and a Ph.D. from Cornell University in linguistics, and received his J.D. from the University of Houston.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | Vice President, General Counsel & Secretary | Current |
| The University of Houston | J.D. | Former |
| Rice University | B.A. | Former |
Mr. Condon was appointed Senior Vice President, Olefins and Corporate Business Development in July 2008. From July 2006 to July 2008, Mr. Condon was our Senior Vice President, Corporate Planning and Business Development. Prior to joining us, Mr. Condon served as the Managing Director of Titan Chemicals Corp. Bhd. from July 2003 to June 2006 and President & General Manager of Conoco Energy Ventures from 1998 until July 2003. He previously was employed by Conoco and Dupont in a variety of management and executive positions. Mr. Condon holds a B.B.A. from the University of Wisconsin.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | Senior Vice President, Corporate Planning & Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Titan Chemicals Corp | Executive Chairman and Alternate Director | Current |
| Westlake Chemical Corporation | Chairman | Current |
| Westlake Group, LLC | president | Former |
| Westlake Chemical Corporation | Board of Directors | Former |
| Columbia University | M.B.A. | Former |
| Massachusetts Institute of Technology | Bachelor of Science degree | Former |
Ms. Jenkins has been a director since June 2003. Ms. Jenkins is a director of A-Group Holdings, an affiliate of ours. For the past five years, Ms. Jenkins has managed her personal investments. She is also a member of the boards of various civic and charitable organizations including Polk Museum of Art and the John and Mable Ringling Museum of Art Foundation, Inc. Ms. Jenkins is the sister of James Chao and Albert Chao. She is a graduate of Wellesley College and holds a B.S. in Mathematics with additional graduate studies in mathematics at the University of South Florida.
| Organization | Position | Status |
|---|---|---|
| Westlake Chemical Corporation | Board of Directors | Current |
| Polk Museum of Art | Board Member | Current |
| Wellesley College | Graduate | Former |
| University of South Florida | B.S. In Mathematics | Former |
| Wellesley College | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| RRI Energy Inc. | Lead Director | Current |
| The Center for Houston's Future | Board Director | Current |
| RRI Energy Inc. | Director | Current |
| The Houston Zoo | Board of Directors | Current |
| RRI Energy Inc. | Chairman, Nominating and Governance Committee | Current |
| Greater Houston Partnership | Director | Current |
| Westlake Chemical Corporation | Board of Directors | Current |
| Enterprise Products Gp LLC | Director | Current |
| Enterprise GP Holdings L.P. | Director | Current |
| Ut Law | Board of Directors | Current |
| Enterprise Products Partners L.P. | Board of Directors | Current |
| American College of Trial Lawyers | Fellow | Current |
| RRI Energy Inc. | Member, Compensation Committee | Current |
| Baker Botts Llp | Managing Partner | Former |
| Epgp | Elected A Director | Former |
| Enterprise Products Gp LLC | Elected A Director | Former |
| Baylor College of Medicine | Trustee | Former |
| Texas Law Review | Editor | Former |
| The Center for Houston's Future | Chairman | Former |
| The Houston Zoo | Chairman | Former |
| Rice University | Chairman | Former |
| James A. Baker III Institute for Public Policy | Chairman | Former |
| Greater Houston Partnership | Board Chairman | Former |
| Rice University | Board of Trustees | Former |
| Baylor College of Medicine | Board of Directors | Former |
| Rice University | B.A. | Former |
| The University of Texas at Austin | Ll.B | Former |
| Organization | Position | Status |
|---|---|---|
| Baker Hughes Incorporated | Compensation Committee Chairman | Current |
| National Association of Manufacturers | Board Director | Current |
| Syracuse University | Board of Directors | Current |
| Westlake Chemical Corporation | Board of Directors | Current |
| Greater Houston Partnership | Board Director | Current |
| JA Worldwide | Board Director | Current |
| The Allstate Corporation | Board of Directors | Current |
| Museum of Fine Arts, Houston | Board Director | Current |
| Central Houston | Board Director | Current |
| Manufacturers Alliance/Mapi, Inc. | Board Director | Current |
| Baker Hughes Incorporated | Governance Committee Member | Current |
| Cooper Industries Ltd. | President | Former |
| Cooper Industries Ltd. | Coo | Former |
| Cooper Industries Ltd. | Executive Vice President, Operations | Former |
| Cooper Industries Ltd. | Executive | Former |
| Baker Hughes Incorporated | Board of Directors | Former |
| Cooper Industries Ltd. | Chief Executive Officer | Former |
| Cooper Industries Ltd. | Board Chairman | Former |
| Syracuse University | B.S. In Industrial Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| The Children's Museum of Houston | Director | Current |
| Westlake Chemical Corporation | Board of Directors | Current |
| NCI Building Systems, Inc. | Board of Directors | Current |
| Museum of Houston | Director | Current |
| Baker Hughes Incorporated | Chief Executive Officer | Former |
| Stewart & Stevenson Services, Inc. | Interim Chief Executive Officer | Former |
| Baker Hughes Incorporated | President | Former |
| Stewart & Stevenson Services, Inc. | President | Former |
| Stewart & Stevenson Services, Inc. | Chairman | Former |
| Baker Hughes Incorporated | Chairman of the Board | Former |
| Miami University | M.B.A. Degrees | Former |
| Miami University | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Credit Report Blog | Current | |
| Mortgage Blog | Current | |
| Greenhill & Co, Inc. | Board of Directors | Current |
| Natural Resource Partners LP | Board of Directors | Current |
| Westlake Chemical Corporation | Board of Directors | Current |
| Performance Enhancement Group, Ltd. | President | Former |
| Lyondell Chemical Company | Chief Financial Officer | Former |
| Morgan Stanley | Chief Financial Officer | Former |
| Tenneco, Inc. | Cfo | Former |
| Lyondell Chemical Company | Executive Vice President | Former |
| Tenneco, Inc. | Executive Vice President | Former |
| Morgan Stanley | Managing Director | Former |
| Massachusetts Institute of Technology | Ph.D. | Former |
| Cornell University | M.B.A. in business administration | Former |
| Cornell University | Bachelor's Degree In Mechanical Engineering | Former |
Executive News
-
New GMAC Board of Directors is Established
-
Westlake Chemical (WLK) Declares A Quarterly Dividend of 5.25 Cents Per Share
-
Westlake Chemical Elects Directors, Declares Continued Quarterly Dividend of 5.25...
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Westlake Chemical Elects Directors, Declares Continued Quarterly Dividend of 5.25 Cents per Share
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