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Lubrizol Breaks Ground on New Additive Facility in Zhuhai Gaolan, China

Published on 2010-10-19. Author : SpecialChem

CLEVELAND -- The Lubrizol Corporation broke ground on its new additive plant in China, the centerpiece of its previously announced 10-year investment plan to upgrade operations and increase its global capacity in lubricant additives.

The manufacturing site in South China, within the Zhuhai Gaolan Port Economic Zone, will be developed and phased in to meet market demand. By phasing in select capacity additions in China, Lubrizol aims to respond to lubricant growth in Asia and better match its manufacturing footprint with global demand patterns. The site is ideally located for exporting products throughout the region.

The plant is scheduled to commence operations in the first half of 2013. Production at the plant will focus on select additive components, eventually incorporating driveline, industrial and fuel components, manufacturing and blending. It is estimated that the Zhuhai facility will require an investment in excess of $200 million over the next three years. The new plant will be complementary to Lubrizol's existing joint venture, Lanzhou Lubrizol Lanlian Additive Co., Ltd.

Dan Sheets, Lubrizol Additives president, commented, "The business climate in Asia today is an exciting one, marked by rising consumer demand and new market opportunities, especially in the rapidly expanding automotive industry, where the demand for advanced fuels and lubricants has never been stronger. Our investment in the Zhuhai site is further confirmation that Lubrizol is committed to the region and the industry."

About Lubrizol Corporation:

The Lubrizol Corporation 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 6,750 employees worldwide. Revenues for 2009 were $4.6 billion.

Source: Lubrizol Corporation

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