|View printer-friendly version|
|Lubrizol Begins Multimillion-Dollar Expansion at Louisville, KY Plant|
Additional Capacity Needed to Meet Growing Global Demand
CLEVELAND, July 2011 -- Lubrizol Advanced Materials, a business segment of The Lubrizol Corporation (NYSE:LZ), announces it has begun work on a multimillion-dollar expansion at its Louisville, KY manufacturing facility in order to meet growing demand around the globe for its TempRite® chlorinated polyvinyl chloride (CPVC) products. The expansion effort is expected to continue through 2012.
Since 1961, the Louisville plant has been manufacturing CPVC resins and compounds for use in a variety of residential, commercial and industrial piping products under the FlowGuard®, BlazeMaster® and Corzan® brand names. CPVC products were first commercialized by The Lubrizol Corporation in 1959 and have since become preferred building materials for a variety of applications because of its inherent chemical and temperature resistance properties, ease of installation, lower material costs and overall durability.
"This plant expansion is just one of many efforts being undertaken to support our global strategic growth plan," said Dale Willis, general manager, TempRite Engineered Polymers. "Lubrizol recognizes the tremendous growth potential for our CPVC products and is willing to support that growth with the necessary technology and manufacturing enhancements."
Lubrizol Advanced Materials is a leading global producer of advanced specialty polymers, polymer-based additives and chemical additives. Used in everyday consumer, commercial and industrial applications, Lubrizol additives and ingredients can be found in everything from personal care products to pharmaceuticals, plastics technology to performance coatings.
Businesses include: Estane® Engineered Polymers, Noveon® Consumer Specialties, Performance Coatings, and TempRite® Engineered Polymers.
The trademarks referenced in this release are owned by The Lubrizol Corporation.
About The Lubrizol Corporation
The Lubrizol Corporation (NYSE: LZ) 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 environmental impact.
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 2010 were $5.4 billion. For more information, visit http://www.lubrizol.com/.