Westlake Chemical Corp. (Houston; www.westlake.com) announced that it has acquired Ineos ChlorVinyls Holdings B.V.’s 35.7% interest in Suzhou Huasu Plastics Co., Ltd. (SHPC), a polyvinyl chloride (PVC) resin and downstream fabrication joint venture (JV) based near Shanghai, China. Westlake now owns a 95% interest in this joint venture.
Albert Chao, President and CEO of Westlake Chemical Corp. stated, “We are pleased to increase our shareholding in this important joint venture serving the Chinese and export markets. We wish to thank INEOS ChlorVinyls Holdings B.V. for its past support and contribution toward the growth of SHPC.”
SHPC operates a PVC resin production plant, along with specialty film and window profile operations.