Westlake Chemical Hopes for Better 2009 as Fourth Quarter Brings Down 2008 Earnings, an Industrial Info News Alert

• Press Release
• Source: Industrial Info Resources
• On 6:30 am EST, Friday February 20, 2009

SUGAR LAND, TX--(MARKET WIRE)--Feb 20, 2009 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Westlake Chemical Corporation (NYSE:WLK - News) (Houston, Texas) reported a rough fourth-quarter 2008, as the company suffered a net loss of $109.6 million in the quarter, compared with income of $18.8 million in the fourth quarter of 2007. The company's net sales were down almost 30% year over year, coming in at $597.1 million in 4Q08. The lower sales figures were caused by both a severe drop in the prices of Westlake's chemical products and reduced demand as customers ran down their inventories.

Related Quotes

Symbol	Price	Change
WLK	26.02	+0.35

{"s" : "wlk","k" : "c10,l10,p20,t10","o" : "","j" : ""}

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