Westlake Chemical's Unplanned Shutdown at Kentucky Plant to Cost the Company $40 Million

FuelFix, July 19, 2016

Westlake Chemical was forced to shut down its Kentucky petrochemical complex on June 01, 2016 due to a mechanical failure. Now, as it attempts to restart operations at the facility, the company announced that the 50-day shutdown has resulted in approximately $40 million in losses. This financial hit comes in the midst of Westlake's $3.8 billion acquisition of Atlanta-based Axiall Corp., a deal expected to close by the end of the year.

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