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Chemical Manufacturer Building $300M Plant in Louisiana

08/29/2008
Westlake Chemical Corporation will construct a new chlor alkali plant at its vinyls manufacturing complex in Geismar, Louisiana, with an investment the company estimates at between $250 million and $300 million. At least 100 permanent jobs and 400 to 500 construction jobs are expected with the project. Westlake officials say they plan to bring the plant online during the first half of 2011, with an estimated 250,000 electro chemicals units per year. "This new facility is an important strategic investment for Westlake and will further enhance the vertical integration of our vinyls segment and allow us to capture value throughout the entire vinyls chain," says Albert Chao, Westlake's president and CEO. The company says the project is being funded in part by Gulf Opportunity Zone bonds issued last year.

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