Westlake Chemical Corp. (WLK)
Shares of WLK jumped $2.34 (or +1.98%) to $120.64 on Friday's trading session. The company was upgraded from Neutral to Positive by brokerage firm Susquehanna Securities.
WLK reported that it has started-up its new chlor-alkali plant located at its vinyls manufacturing complex in Geismar, Louisiana.
This new chlor-alkali plant has the capacity to produce 350,000 electrochemical units (ECU's) annually and utilizes state of the art membrane technology. The plant is adjacent to the existing vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) facilities at the Geismar complex.
When combined with the existing membrane chlor-alkali capacity at the Calvert City, Kentucky vinyls complex, WLK will have the ability to produce up to 650,000 ECU's annually at these two sites to meet ongoing customer needs.
The addition of this new plant is consistent with WLK 's vertical integration strategy for its vinyls business and will allow the company to continue to expand and optimize the vinyls chain, including the anticipated addition of 200mm pounds per year of PVC at its Calvert City PVC plant during the second quarter of 2014.
WLK is a manufacturer and supplier of petrochemicals, polymers and building products. Its range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC resin and PVC building products including pipe and specialty components, windows and fence.
More about Westlake Chemical Corporation (WLK) at www.westlake.com .
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Crown Equity Holdings Inc. (CRWE)
Social networking services are changing the ways in which people use and engage with the Internet and with each other. A social networking service is an online service provided to the public for social interaction between families, friends, and also for gaining new friends over the internet.
While the number of visitors to social networking sites is increasing, so too are the numbers of new services being launched, along with the number of longstanding (within the relatively brief lifespan of the Internet) websites that are adding, developing or refining social networking service features or tools.
CRWE is looking to deliver value for its stockholders in both the near and long term, and to improve the potential future growth for the company, is targeting the multi-billion dollar social networking service market.
CRWE is currently developing a social networking service and phone app, CRWE Network (CRWE-PR), that is designed to target all the communities in every state of the United States.
CRWE ‘s business plan is based on selling advertising to local businesses. Its goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums.
On Friday's market activity, CRWE closed at $0.006 per share, up $0.001 (or +20.00%)
CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com .
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