Lubrizol: Lubrizol Receives Approvals for Thailand Joint Venture
The Lubrizol Corporation
29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298
Lubrizol Receives Approvals for Thailand Joint Venture
CLEVELAND, May 28, 2014 - The Lubrizol Corporation announces that it has
received all necessary regulatory approvals for its previously announced joint
investment in a chlorinated polyvinyl chloride (CPVC) resin manufacturing
facility with Sekisui Chemical Company, Ltd. The joint investment, which was
originally announced in February 2013, will be located in Thailand and is
expected to be fully operational by late 2014 or early 2015.
Lubrizol's involvement in this joint investment is part of the company's
multi-phased $400 million expansion of its global resin and compounding
manufacturing capacity. In addition to the Thailand JV, Lubrizol recently
broke ground on a new compounding plant in Dahej, India and is expanding its
resin and compounding facility in Louisville, KY. Overall expansion efforts
are expected to add 170,000 metric tons of CPVC resin and 200,000 metric tons
of CPVC compound.
"Lubrizol recognizes the global growth potential for its highly valued
TempRite® compounds and is committed to ensuring global product availability,"
said John Nunnari, global general manager of TempRite Engineered Polymers.
"Our customers use these compounds to manufacture and market piping system
products under the FlowGuard®, BlazeMaster® and Corzan® brands. Through our
capacity expansion efforts, we will be in a stronger position to meet global
demand as well as better serve the needs of our existing and future customers
to help them achieve their business success."
CPVC resins manufactured at the Thailand site will be designed to meet the
differing and unique requirements of either Lubrizol or Sekisui's resin
performance specifications and quality standards. Both companies will
continue to independently market and sell their exclusive CPVC compounds,
which are designed to meet the specific performance and market requirements of
their respective customers.
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. The company is dedicated to providing its
customers with the highest quality piping product through its insistence on
using only the best raw materials and strictly managing the resin and compound
Lubrizol's advanced polymer technology delivers exceptional performance for
the plumbing, fire sprinkler, industrial and other building and construction
related applications. The combination of Lubrizol's industry leading position
in key global markets and its planned capacity expansion allows the company to
better support its customers' growth with its FlowGuard, BlazeMaster and
About The Lubrizol Corporation's CPVC Business
The Lubrizol Corporation is the innovator and world leader in chlorinated
polyvinyl chloride (CPVC) resins and compounds.Our high performance and
low-combustibility CPVC technology can be found in FlowGuard® Pipe & Fittings,
BlazeMaster® Fire Sprinkler Systems and Corzan® Industrial Systems designed
for a wide variety of applications including plumbing, fire protection and
industrial piping. Backed by robust research and development capabilities and
the technical expertise of our piping systems consultants, billions of feet of
our CPVC piping systems have been installed globally.For more information,
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven
global company that combines complex, specialty chemicals to optimize the
quality, performance and value of customers' products while reducing their
environmental impact. It produces and supplies technologies to customers in
the global transportation, industrial and consumer markets. These
technologies include lubricant additives for engine oils, driveline and other
transportation-related fluids, industrial lubricants, as well as additives for
gasoline and diesel fuel. In addition, Lubrizol makes ingredients and
additives for home care and personal care products and pharmaceuticals, and
specialty materials, including plastics technology and performance coatings in
the form of specialty resins and additives.
With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing
facilities in 17 countries, as well as sales and technical offices around the
world. Founded in 1928, Lubrizol has approximately 7,500 employees
worldwide. Revenues for 2013 were $6.4 billion. For more information, visit
Marketing Communications Manager, Lubrizol CPVC
AKHIA Public Relations & Marketing Communications
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
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The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Lubrizol via Globenewswire
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