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|Lubrizol Increases Global CPVC Capacity|
CLEVELAND, March 13, 2013 – The Lubrizol Corporation announces a more than $400 million investment over the next four years in a global expansion of its chlorinated polyvinyl chloride (CPVC) resin and compounding manufacturing sites. These expansion efforts will ensure Lubrizol is well-positioned with the necessary manufacturing capabilities to readily supply global demand and position the company’s CPVC business for future growth.
With continued strong global demand for the company’s CPVC compounds, Lubrizol’s expansion efforts will be divided into two phases:
Phase I — Operational by end of 2014; Total capacity of 85,000 metric tons of CPVC resin and 100,000 metric tons of CPVC compound; Total investment of approximately $200 million
Phase II – Operational by end of 2016; Adds 85,000 metric tons of CPVC resin and 100,000 metric tons of CPVC compound; Total additional investment of approximately $200 million
“Lubrizol is committed to ensuring product availability and quality for our global CPVC customers,” states Eric Schnur, president of Lubrizol Advanced Materials. “Through these global capacity expansion efforts, we will be in a strong 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.”
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 manufacturing processes.
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®, Corzan® and TempRite® brands.
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 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 2012 were $6.1 billion. For more information, visit http://www.lubrizol.com/.