Westlake Chemical Corporation announced that it has concluded an agreement with Georgia Gulf Corporation to supply vinyl chloride monomer (VCM) to Georgia Gulf.
This new agreement between Westlake and Georgia Gulf replaces a prior contract that Westlake had with a subsidiary of Royal Group Technologies Ltd, which Georgia Gulf acquired yesterday.
The new agreement also terminates litigation pending in court in Toronto, Ontario, that arose in March 2006 between Westlake and Royal regarding the prior contract.
Albert Chao, President and Chief Executive Officer of Westlake, said, "We are pleased to end this lawsuit and enter into a constructive commercial arrangement and good relationship with Georgia Gulf."
Westlake Chemical Corporation
marketing@alchempro.com
