Westlake Corp (NYSE:WLK)
$ 156.27 -1.88 (-1.19%) Market Cap: 20.09 Bil Enterprise Value: 22.50 Bil PE Ratio: 78.53 PB Ratio: 1.94 GF Score: 91/100
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Westlake Chemical Corp at Jefferies Industrials Conference Transcript

Aug 07, 2019 / 05:15PM GMT
Release Date Price: $62.26 (-1.25%)
Laurence Alexander
Jefferies LLC, Research Division - VP & Equity Research Analyst

So good afternoon. My name is Laurence Alexander. We're just going to plunge right into it. Without any further ado, I'd like to introduce Albert Chao, Chairman and CEO at Westlake, and let me just pass it over to you to get started.

Albert Yuan Chao
Westlake Chemical Corporation - President, CEO & Director

Thank you, Laurence. Good afternoon, ladies and gentlemen. Thank you for being here today. Westlake Chemical, we are a leading integrated materials company, focused in the Olefins and Vinyls business as well as downstream product businesses. Our Olefin business is approximately 30% of our EBITDA and about 25% of revenue. But really we should talk about Vinyls business. We are a vinyls company, 75% of revenue is vinyl, about 70% is EBITDA, and we're trying to increase -- improve on that. The vinyl business includes ethylene, chlor-alkali. We have close to 1,000 megawatts of cogen, so we produce a lot of our own power and we use locally produced cheap gas in the U.S.

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