July 14, 2020 05:59 AM Eastern Daytime Time
HOUSTON–(ORGANISATION WIRE)– Westlake Chemical Corporation (NYSE: WLK) today confirmed that a person of its subsidiaries has been named in a European Commission choice regarding particular anti-competitive practices in the acquiring of ethylene that occurred prior to 2017.
The practices were revealed as an outcome of Westlake’s internal compliance program. Westlake voluntarily revealed these practices to the European Commission and fully cooperated with the related investigation. Based on the business’s voluntary alert and cooperation, the European Commission gave Westlake resistance from federal government fines.
Westlake is dedicated to reasonable and open competitors. Westlake’s policies restrict its workers from participating in anti-competitive practices or other illegal or unethical behavior.
Westlake is a worldwide producer and provider of materials and innovative products that improve life every day. Headquartered in Houston, we offer the foundation for essential services– from product packaging and health care products to automotive and durable goods, to structure and building products. For more information, go to the company’s web site at www.westlake.com.