IPO Profile

Westlake Chemical Corp.
2801 Post Oak Boulevard, Houston, Texas 77056
Tel: 713-960-9111
Web: www.westlakegroup.com
Ticker: WLK
Stock Exchange: New York Stock Exchange
Shares Issued: 11,764,706.00
Price Offered: $14.50
Amount Raised: $170,665,000.00

Underwriters:
CS First Boston
J.P. Morgan
Deutsche Bank Securities
Banc of America Securities
Goldman Sachs & Co.

Company Description:
We are a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated products. Our products include some of the most widely used chemicals in the world, which are fundamental to many diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction as well as other durable and non-durable goods. We believe that our business is characterized by highly integrated, world-class chemical production facilities, state-of-the-art technology, leading regional market positions for particular products, a strong and stable customer base and experienced management. We operate in two principal business segments, Olefins and Vinyls, and we are one of the few fully integrated producers of vinyls and fabricated products in North America. For the year ended December 31, 2003, we had net sales of $1,423 million, income from operations of $66 million, net income of $15 million and EBITDA of $149 million. During the same period, our Olefins segment and our Vinyls segment contributed 62% and 38% of our net sales, after intercompany eliminations, 84% and 21% of our income from operations and 74% and 32% of our EBITDA, including corporate and other, respectively.