Lubrizol : Lubrizol Continues CPVC Expansion with Addition of Global CPVC
*Aligns with increasing global CPVC growth and demand
*Ensures global customer access to quality CPVC products
*Plant operational by end of 2014
CLEVELAND, February 20, 2013 - The Lubrizol Corporation announces today its
plans to increase its chlorinated polyvinyl chloride (CPVC) resin capacity
through a joint investment in a manufacturing facility with Sekisui Chemical
Company, Ltd. The new facility, which is part of the company's Phase I
capacity expansion, will be located in Thailand and will enable Lubrizol to
meet its global customer demands, particularly in Asia Pacific. Initial resin
capacity during this first phase will be 30,000 metric tons with a total
investment of approximately $50 million over a two-year period and with full
operation planned by the end of 2014, subject to regulatory approvals.
Phase I will be designed to allow for a future expansion as part of Phase II
that will double the size of the plant to 60,000 metric tons with an
additional investment of $50 million. The Phase II expansion is expected be
operational by the end of 2016.
Lubrizol recognizes the global growth potential for CPVC products and is
committed to ensuring product availability. CPVC resin manufactured at this
site will be designed to meet Lubrizol's and Sekisui's required performance
specifications and quality standards. Both companies will continue to
independently market and sell CPVC resins and manufacture their own CPVC
compounds for their respective customers.
"This is a significant step in expanding our CPVC business and we are pleased
to be partnering with Sekisui on this effort," notes Eric Schnur, president of
Lubrizol Advanced Materials. "We are committed to providing our customers with
high quality CPVC products to support the global building and construction
market. And with the construction of this new manufacturing facility, we are
better positioned to support their future business growth."
Lubrizol is recognized as a global leader in reliability, quality and
providing innovative solutions for its customers' high-performance application
needs and remains committed to ongoing investment in its CPVC capabilities
that support future growth. Lubrizol's advanced CPVC technology, sold under
the FlowGuard^®, BlazeMaster^®, Corzan^® and TempRite^® brands, delivers
exceptional performance for the plumbing, fire sprinkler, industrial and other
building and construction related applications.
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is an innovative
specialty chemical company that produces and supplies technologies to
customers in the global transportation, industrial and consumer markets. These
technologies include lubricant additives for engine oils, other
transportation-related fluids and industrial lubricants, as well as fuel
additives for gasoline and diesel fuel. In addition, Lubrizol makes
ingredients and additives for personal care products and pharmaceuticals;
specialty materials, including plastics technology and performance coatings in
the form of specialty resins and additives. Lubrizol's industry-leading
technologies in additives, ingredients and compounds enhance the quality,
performance and value of customers' products, while reducing their
With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and
operates manufacturing facilities in 17 countries, as well as sales and
technical offices around the world. Founded in 1928, Lubrizol has
approximately 7,000 employees worldwide. Revenues for 2011 were $6.1billion.
For more information, visit www.lubrizol.com.
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Source: Lubrizol via Thomson Reuters ONE
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