Westlake Chemical

Hexion Holdings to be Acquired by American Securities 

Retrieved on: 
Monday, December 20, 2021

Hexion Holdings Corporation (Hexion Holdings or the Company) today announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC for $30.00 per share in cash.

Key Points: 
  • Hexion Holdings Corporation (Hexion Holdings or the Company) today announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC for $30.00 per share in cash.
  • American Securities has a proven track record of partnering with leading companies and its associates to drive collaborative success.
  • Operating under American Securities ownership, Hexion Holdings has a bright future and is poised to build on its momentum and continue its record of delivering innovative, high-quality products and service to customers.
  • Hexion is a market leader and leverages deep chemistry and application knowledge to support its customers in diverse end markets, said Scott Wolff, a Managing Director of American Securities.

Westlake’s NAPCO Pipe & Fittings Introduces High-Performance Molecular-Oriented PVC C909 Pipe

Retrieved on: 
Wednesday, December 8, 2021

North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation (NYSE: WLK), today announced the launch of a new product, molecular oriented PVC (PVCO) pipe.

Key Points: 
  • North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation (NYSE: WLK), today announced the launch of a new product, molecular oriented PVC (PVCO) pipe.
  • This investment in state-of-the-art technology expands NAPCOs production capacity at the companys Woodbridge, Ontario, pipe and fittings facility.
  • Our focus is on delivering pipe and fitting systems that address our customers most difficult infrastructure challenges, including product longevity, ease of installation and enhancing water flow, said Andre Battistin, vice president, NAPCO Pipe & Fittings.
  • NAPCO offers a large selection of PVC piping and fittings, including brands such as Certa-Lok, Yelomine, Certa-Set and Certa-Flo.

Hexion Holdings Announces Agreement to Sell Epoxy Businesses to Westlake Chemical

Retrieved on: 
Wednesday, November 24, 2021

Hexion Holdings Corporation (Hexion or the Company) today announced that as a result of its ongoing strategic review it has entered into a definitive agreement to sell its epoxy-based Coatings and Composite businesses, which includes the epoxy specialty resins and base epoxy resins and intermediates product lines (together, the Epoxy Business) for approximately $1.2 billion to Westlake Chemical Corporation (NYSE: WLK).

Key Points: 
  • Hexion Holdings Corporation (Hexion or the Company) today announced that as a result of its ongoing strategic review it has entered into a definitive agreement to sell its epoxy-based Coatings and Composite businesses, which includes the epoxy specialty resins and base epoxy resins and intermediates product lines (together, the Epoxy Business) for approximately $1.2 billion to Westlake Chemical Corporation (NYSE: WLK).
  • Our associates in the Epoxy Business will be joining a leading global chemical manufacturer and we believe that the Epoxy Business will be well positioned going forward with Westlake as its new owner.
  • On behalf of everyone at Hexion, I would like to thank our associates within our epoxy businesses for their many contributions over the years.
  • Following completion of the transaction, Hexion will consist of the Companys existing Adhesives and Versatic Acids and Derivatives product lines.

Westlake to Acquire Hexion’s Global Epoxy Business

Retrieved on: 
Wednesday, November 24, 2021

Westlake Chemical Corporation (NYSE: WLK), today announced that it has entered into a definitive agreement with Hexion Inc. to acquire Hexions global epoxy business for approximately $1.2 billion.

Key Points: 
  • Westlake Chemical Corporation (NYSE: WLK), today announced that it has entered into a definitive agreement with Hexion Inc. to acquire Hexions global epoxy business for approximately $1.2 billion.
  • In the twelve months ended September 30, 2021, Hexions epoxy business had net sales of approximately $1.5 billion.
  • Hexion Epoxy is a global leading producer of epoxy resins, modifiers and curing agents for high-performance materials, coatings and composites.
  • The fully-integrated business includes upstream base epoxy resins and intermediates delivered as liquid or solid epoxy resins, as well downstream specialty epoxy resins used in coatings and composites.

Westlake's Vinnolit Introduces New Lower-Carbon GreenVin PVC

Retrieved on: 
Wednesday, November 17, 2021

GreenVin PVC performs as well as traditional PVC while offering a more climate-friendly product that our customers can feel good about using.

Key Points: 
  • GreenVin PVC performs as well as traditional PVC while offering a more climate-friendly product that our customers can feel good about using.
  • The Vinnolit GreenVin brand is based on European high-quality renewable energy certificates (Guarantees of Origin) associated with the production of the lower-carbon PVC and caustic soda.
  • Depending on the PVC type, the carbon-dioxide savings with GreenVin PVC are about 25% compared to conventionally produced Vinnolit PVC.
  • "With GreenVin, we are working to make the entire Vinnolit product portfolio, including PVC, more environmentally friendly and sustainable," Schellerer added.

Seadrill Limited Announces Appointment of Successor Company Board of Directors

Retrieved on: 
Thursday, November 18, 2021

HAMILTON, Bermuda, Nov. 18, 2021 /PRNewswire/ -- Seadrill Limited or ("the Company") (OSE:SDRL) (OTCPK:SDRLF) announces today that a new, independent, seven-member Board of Directors ("Board") will assume leadership of the new parent company of the Seadrill group upon emergence from Chapter 11.

Key Points: 
  • HAMILTON, Bermuda, Nov. 18, 2021 /PRNewswire/ -- Seadrill Limited or ("the Company") (OSE:SDRL) (OTCPK:SDRLF) announces today that a new, independent, seven-member Board of Directors ("Board") will assume leadership of the new parent company of the Seadrill group upon emergence from Chapter 11.
  • She currently sits on the Board of Directors for EOG Resources and Superior Energy Services.
  • He currently sits on the Board of Directors for Westlake Chemical Corporation.
  • Commenting on the new board, Seadrill Chief Executive Officer Stuart Jackson said:"We look forward to welcoming this new Board of Directors to help grow the Seadrill brand and execute on our strategic priorities.

Seadrill Limited Announces Appointment of Successor Company Board of Directors

Retrieved on: 
Thursday, November 18, 2021

HAMILTON, Bermuda, Nov. 18, 2021 /PRNewswire/ -- Seadrill Limited or ("the Company") (OSE:SDRL) (OTCPK:SDRLF) announces today that a new, independent, seven-member Board of Directors ("Board") will assume leadership of the new parent company of the Seadrill group upon emergence from Chapter 11. Seadrill received confirmation of its Plan of Reorganization on 26 October 2021 and is targeting emergence early in 2022.

Key Points: 
  • HAMILTON, Bermuda, Nov. 18, 2021 /PRNewswire/ -- Seadrill Limited or ("the Company") (OSE:SDRL) (OTCPK:SDRLF) announces today that a new, independent, seven-member Board of Directors ("Board") will assume leadership of the new parent company of the Seadrill group upon emergence from Chapter 11.
  • She currently sits on the Board of Directors for EOG Resources and Superior Energy Services.
  • He currently sits on the Board of Directors for Westlake Chemical Corporation.
  • Commenting on the new board, Seadrill Chief Executive Officer Stuart Jackson said:"We look forward to welcoming this new Board of Directors to help grow the Seadrill brand and execute on our strategic priorities.

SecurityGate.io Partners with Network Perception on Risk Management, Remediation, and Compliance Standards

Retrieved on: 
Tuesday, November 16, 2021

SecurityGate.io , the risk management acceleration platform industrial companies use to improve cybersecurity faster, today announced a strategic alliance partnership with Network Perception , a leader in network access risk verification and visualization.

Key Points: 
  • SecurityGate.io , the risk management acceleration platform industrial companies use to improve cybersecurity faster, today announced a strategic alliance partnership with Network Perception , a leader in network access risk verification and visualization.
  • This collaboration is aimed at helping others increase security, remediate risk, and reduce the effort it takes to be compliant to standards, without duplicating risk management efforts.
  • This partnership between SecurityGate.io and Network Perception will allow us to provide organizations with the ability to initiate security, risk, and compliance efforts both simultaneously and seamlessly.
  • Network Perception provides a platform for:
    Instantly mapping and analyzing the network to determine connectivity and identifying any deviation from security policies, standards, and best practices.

Westlake Chemical Corporation Declares Quarterly Dividend

Retrieved on: 
Friday, November 12, 2021

The Board of Directors of Westlake Chemical Corporation (NYSE:WLK) declared today a regular dividend distribution of $0.2975 per share for the third quarter of 2021.

Key Points: 
  • The Board of Directors of Westlake Chemical Corporation (NYSE:WLK) declared today a regular dividend distribution of $0.2975 per share for the third quarter of 2021.
  • This dividend will be payable on December 8, 2021, to stockholders of record on November 23, 2021.
  • This is the 69th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004.
  • Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day.

SecurityGate.io and Rokster Announce Partnership to Help Industrial Companies Bridge the OT Security Skills Gap and Improve Cybersecurity.

Retrieved on: 
Wednesday, November 10, 2021

The Rokster professional services team can introduce SecurityGate.ios platform to clients to give them the skills needed to complete future assessments.

Key Points: 
  • The Rokster professional services team can introduce SecurityGate.ios platform to clients to give them the skills needed to complete future assessments.
  • I find the platform to be excellent for measuring the cybersecurity posture of an organization throughout the cybersecurity maturation process.
  • Their risk management acceleration platform helps industrial companies discover cyber risks sooner and make cybersecurity improvements faster.
  • No matter how big or small, Rokster can help protect your organization, increase efficiency, and surpass your business goals.