Westlake Chemical has maintained for years that it would expand its Geismar, La. plant to accommodate a chlor-alkali facility, which would enable it to double its polyvinyl chloride output. However, even with $100 million in cash from bonds, the company remains hesitant to commit to a new facility. There is recovery, but "the recession lingers on -- the housing industry continues to struggle, and because a lot of our products go into construction and related markets, it's still challenging," said David Hansen, Westlake senior vice president.
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