HOUSTON - Westlake Corporation (NYSE: WLK), a global manufacturer and supplier of various materials, has announced the upcoming launch of a new line of lower yellowing epoxy products. The unveiling is set to take place at the American Coatings Show 2024, scheduled from April 30 to May 2 in Indianapolis, Indiana.
The company's new Deep Pour Lower Yellowing Epoxy System, featuring Epoxy Research Resin RSL-4710 and Research Curing Agent RSC-4731, is designed for applications requiring extended set times and lower exotherm temperatures. According to Dan Weinmann, Business Development Manager - Epoxy, Americas at Westlake, this system allows for up to four-inch pours in a single application and is engineered with improved light stability to resist yellowing without the need for additives.
In addition to the Deep Pour system, Westlake Epoxy is introducing an ultra-low yellowing cycloaliphatic amine curing agent, RSC-4729, which is recommended for decorative floor coatings.
When combined with standard Bis-A or Bis-F epoxy resins, or preferably with an aliphatic epoxy resin like EPONEX™ Resin 1510, this curing agent has been shown to maintain color and gloss even after extensive exposure to light, as demonstrated by a Delta E value of 6 units and gloss retention of over 85% following 600 hours of QUV-A testing.
The new product lines are part of Westlake's efforts to provide innovative solutions for the coatings industry, emphasizing the company's commitment to enhancing material performance and durability. The press release statement indicates that these advancements are expected to cater to the needs of professionals seeking high-quality, durable coatings with minimal aesthetic degradation over time.
Westlake Corporation, headquartered in Houston, operates across Asia, Europe, and North America, offering various products for various industries, including construction, packaging, healthcare, automotive, and consumer goods.
This news is based on a press release statement from Westlake Corporation.
InvestingPro Insights
As Westlake Corporation (NYSE: WLK) gears up to introduce its innovative epoxy products at the American Coatings Show, the company's financial metrics reflect a mixed canvas of performance. With a market capitalization of $19.37 billion, Westlake stands as a substantial player in the materials sector. The company's Price to Earnings (P/E) ratio, which currently stands at 40.34, suggests a premium valuation by the market, although this adjusts to a more moderate 23.81 when looking at the last twelve months as of Q4 2023.
Investors interested in the company's value relative to its growth prospects might note the PEG ratio of -0.52 for the same period, which could indicate that the company's earnings growth is not keeping pace with its P/E ratio. This is complemented by a Price to Book (P/B) ratio of 1.89, which could appeal to value-oriented investors seeking assets at close to book value.
In terms of profitability, Westlake has reported a Gross Profit Margin of 17.68% over the last twelve months as of Q4 2023, with an Operating Income Margin of 9.82%. These margins are crucial for understanding how much the company retains on each dollar of sales after accounting for the cost of goods sold and operating expenses.
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