ICR: BBB
Outlook: Stable
Westlake is a leading vertically integrated chemicals and building products company. In 2023, about 66% of external revenue was generated from chemicals sales and about 34% from building products sales. The chemicals operations include chlor-alkali, petrochemicals and epoxy assets. In 2023, about 56% of chemicals external sales (37% of company total) were generated from Performance Materials including PVC, polyethylene and epoxy, with the balance from Essential Materials including caustic soda, styrene and derivatives. The building products business is diversified across several categories but largely produces vinyl products as a downstream vertically integrated consumer of PVC production, with about 80% of sales used in residential housing applications and 20% in non-residential infrastructure.
ICR: BBB
Outlook: Stable
Westlake is a leading vertically integrated chemicals and building products company. In 2023, about 66% of external revenue was generated from chemicals sales and about 34% from building products sales. The chemicals operations include chlor-alkali, petrochemicals and epoxy assets. In 2023, about 56% of chemicals external sales (37% of company total) were generated from Performance Materials including PVC, polyethylene and epoxy, with the balance from Essential Materials including caustic soda, styrene and derivatives. The building products business is diversified across several categories but largely produces vinyl products as a downstream vertically integrated consumer of PVC production, with about 80% of sales used in residential housing applications and 20% in non-residential infrastructure.
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