Westlake Chemical celebrates 2 decades of business service
13 Sep '06
2 min read
Westlake Chemical Corporation, the Houston-based international manufacturer and supplier of petrochemicals, polymers and fabricated products, is recognizing its 20th year of business with celebrations at all of its locations beginning today.
In addition, the company's operating units will commemorate the anniversary with their local communities, including a "Westlake Community Service Day" at each location where employees will participate in a community service project.
Albert Chao, President and CEO of Westlake Chemical Corporation said regarding the anniversary, "As we celebrate 20 years of business success, we want to give back to the communities where we work and live."
"We are looking forward to further growth in the years ahead, providing a good place to work, creating the building blocks for products that consumers need and contributing to the communities in which we operate."
Westlake's 20 years of growth In 1986, following three decades of success in Asia, the Chao Group entered the U.S. market and began producing polyethylene at its first plant in Lake Charles, La., on Sept. 12. From that beginning Westlake has grown to 14 operating sites with 13 facilities in the U.S., an operation in Alberta, Canada, and a joint venture in Suzhou, China.
Westlake founder T.T. Chao's two sons, James and Albert Chao, lead the company today as chairman and president & chief executive office, respectively.
In August 2004, Westlake became a public company that now employs approximately 2,200 and produces 10 billion pounds of products annually with over $2.5b in annual revenue. The company's operations are divided into the vinyls and olefins business segments.