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Westlake

ORBIA
PVC unit said to be up for sale / Reports of advanced talks with US investment group Apollo
12.01.2021
POLYMER PRICES
North America November 2020: Prices stable to firmer / PE and PVC cool down / PP still rising / High feedstock costs push up styrenics / Further increases expected
15.12.2020
POLYMER PRICES
North America October 2020: Prices ease except for PVC and ABS / Production recovers from hurricane damage / Widespread inventory-building / Little fresh stimulus expected in November
12.11.2020
USA
Hurricane Zeta brings further devastation to the US Gulf Coast / Some damage to polymerisation lines
03.11.2020
USA
Petrochemical industry recovering from Hurricane Delta / First plants restart / Forces majeures still in effect
19.10.2020
POLYMER PRICES
North America September 2020: Price explosion in polyolefins, PVC, ABS and PA 6 / Hurricanes drive up prices / PS, PC and PA 6.6 more relaxed / Situation expected to calm down in October with the exception of PE
15.10.2020
USA
Power supply instability delays restart of US polymer production after storms / Normalisation in the second half of October at the earliest / Shortages for PE, PVC and PC / Worst hurricane season since 2005
01.10.2020
POLYMER PRICES
North America August 2020: Season's first hurricane triggers pronounced hikes for polyolefins and PVC / Engineering plastics predominantly firmer / Restart of polymer production will determine September prices
15.09.2020
USA
Chemicals and plastics production mostly not directly affected by Hurricane “Laura” / Nevertheless severe capacity losses / Infrastructure damage leads to numerous forces majeures
03.09.2020
WESTLAKE
Q2 revenues drop by a fifth as Vinyls segment sales contract / Profits down due to Covid-19 impact and oil price fall
17.08.2020
ETHYLENE
EU commission fines Celanese, Clariant and Orbia / Companies implicated in illegal C2 purchasing scheme
17.07.2020
ORBIA
Previous Mexichem group analysing strategic alternatives for PVC division / Processing apparently not affected
28.01.2020
BAMBERGER POLYMERS
Ravago owner acquires US plastics distributor / Businesses will operate separately
06.04.2018
VINNOLIT
Expansion of chlorine and VCM at Gendorf / Improving regional balance
20.10.2017
PETROCHEMICAL MARKETS
PVC: Vinnolit declares force majeure on deliveries from Knapsack / Defect in VCM production
11.07.2017
USA
Appointments to Trump cabinet have ties to industry / ExxonMobil CEO Tillerson to be secretary of state / Fracking proponents at the helm / “Foxes guarding henhouses”
21.12.2016
PLASTICS INDUSTRY GERMANY
2015 production drops 3% over 2013 / Increase in plastics processing / Growth in packaging, automotive engineering and medical devices / Recycling as key economic factor / Consultic study 2015
12.12.2016
USA
Shale gas carousel turns faster / Giant field found in west Texas / President-elect Trump expected to promote fracking / Much of new plastics output earmarked for export
30.11.2016
LOTTE
Vice chairman's death called suicide / Close ties to family owners / Corruption scandal in South Korea
05.09.2016
POLYMER PRICES
North America July 2016: PE still trending stable / PP may have bottomed out / PVC and PS under latent upward pressure / Engineering thermoplastics notations mostly calm / Price offensive for PA 6
05.08.2016
AXIALL / WESTLAKE
PVC group plans to divest all downstream units / Write-offs almost reach USD 1 bn / Poker game over takeover continues
03.03.2016
BILCARE RESEARCH
Price hike for rigid PVC film
29.05.2015
YEAR IN REVIEW 2014
Part 2 – Plastics Production: Shale gas revolution drives Europe into a corner / Ailing facilities are consolidated / Massive changes in PVC market / Shale oil reserves change the balance once again
12.12.2014
VESTOLIT
SVC Global sells German PVC producer to Mexichem / Further changes in the European PVC market
07.08.2014
PVC MARKET
European production landscape undergoing massive changes / Global capacity shifts drive consolidations / Overcapacities mean additional closures cannot be avoided / Who will be the next victim in this game of Russian roulette?
29.07.2014
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