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ReneeWyclif
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
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ReneeWyclif
Release Time:2024-06-13
Westlake Chemical to increase capacity of chlor-alkali plant
Westlake Chemical Corporation announced that it is increasing the capacity of the previously announced chlor-alkali plant to be located at its vinyls manufacturing complex in Geismar, Louisiana. The chlor-alkali unit originally estimated to produce 250,000 electrochemical units (ECU\’s) annually will now be designed for a capacity of up to 350,000 ECU\’s annually.This new plant is consistent withWestlake\’s vertical integration strategy for its vinyls business and will allow the company to expand and optimize the vinyls chain over time.The construction costs for this chlor-alkali facility are estimated to range between $370 to $420 million.Site work is currently underway for this new facility and the project is targeted for start-up in the second half of 2013. The project will be partially funded by the Gulf Opportunity Zone bonds issued by the company.The plant will utilize state of the art membrane technology and is expected to create approximately 100 permanent po...
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ReneeWyclif
ModestyMorris
Release Time:
June 21, 2024, 3:30 PM
ETMarkets.comHaving reported strong numbers for the quarter ended December, Meghmani Finechem is confident of sustaining the show in the current quarter as well and meeting its guidance for FY23. “We believe that we will end FY23 with a topline of around Rs 2,200 crore and EBITDA margin would be about 28%,” said Maulik Patel, chairman and managing director, in an interview with ETMarkets. Unlock Leadership Excellence with a Range of CXO CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitEdited excerpts:You have reported a good set of numbers for Q3; how does Q4 look?On a YoY basis, our topline grew by 27% to Rs 538 crore in Q3FY23. This growth is coming from a volume growth of 18%. In Q3, EBITDA grew by 18% to Rs 167 crore and PAT by 11% to Rs 77 crore. Interestingly, we have surpassed FY22 numbers within nine months of FY23.Q4 looks posit...
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