Westlake acquires additional interest in Suzhou Huasu Plastics in China

Westlake acquires additional interest in Suzhou Huasu Plastics in China

5:04 AM, 2nd June 2015
Westlake acquires additional interest in Suzhou Huasu Plastics in China
Albert Chao, President and CEO, Westlake. (File photo)

HOUSTON, US: Westlake Chemical Corporation said that it has acquired Ineos ChlorVinyls Holdings BV’s 35.7 percent interest in Suzhou Huasu Plastics Co Ltd, a polyvinyl chloride (PVC) resin and downstream fabrication joint venture based near Shanghai, China. Westlake now owns a 95 percent interest in this joint venture, it said.

“We are pleased to increase our shareholding in this important joint venture serving the Chinese and export markets,” said Albert Chao, President and CEO, Westlake.

Suzhou Huasu operates a PVC resin production plant, along with specialty film and window profile operations, Westlake said.

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