- Westlake Corporation, a chemicals and building materials Fortune 500 company, saw record performance from its building process division, but its chemicals segment continued to face headwinds.
As the U.S. housing market continues to defy economic uncertainty, Westlake Corporation is benefiting from strong demand for building materials, even as its chemicals business struggles. Its building products segment recorded record revenue in 2024, but the company posted an earnings miss as sales in its chemicals unit saw its revenue drop.
