2 Stocks to Buy From the Promising Chemical Plastics Industry
The Zacks Chemicals Plastics industry is riding on the back of strong industrial demand, driven by global economic expansion. The uptick in demand across major end-use industries such as automotive, tire and building & construction from the coronavirus-led slump augurs well for the industry.
Westlake Chemical Corporation WLK and Covestro AG COVTY are well placed to benefit from the strong demand dynamics. Self-help measures, including reduction of operating costs, are also helping these companies to offset the pandemic-driven headwinds. The shale boom, too, is driving investments in capacity expansion in the United States.
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Westlake Chemical Corporation (WLK) : Free Stock Analysis Report
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