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Lubrizol Performance Products (LPP) Completes ISO 9001-2000 Periodic Audit for South Carolina Manufacturing Facility

Published on 2005-01-05. Author : SpecialChem

CLEVELAND, OH -- Lubrizol Performance Products (LPP), a business group within The Lubrizol Corporation (NYSE: LZ), successfully completed an ISO 9001-2000 periodic audit for its Spartanburg, SC facility. LPP also received a "first-time" recommendation for certification to the ISO 9001:2000 standard for its Cheyenne, WY facility. Det Norske Veritas (DNV) completed both evaluations during the first two weeks of December 2004.

"Obtaining the ISO certification is just one of many ways that we assure our customers around the world that they are receiving the highest quality products available on the market today," said Roman Radekevich, LPP President. "We always are looking for ways to control and improve the quality of our products and to reduce costs and delays associated with poor quality. These certifications give us a competitive edge as tangible evidence of our commitment to quality," added Radekevich.

Quality management principals evaluated during both certification processes include, but are not limited to: customer focus, human resources, leadership, design & development, involvement of people, and an extensive ongoing effort towards continual improvement.

"This milestone is a testament to the motivation, perseverance, and passion for excellence throughout the entire LPP team. Quality is a journey and we believe we have just started. Cheyenne expects to receive their final ISO certification during January of 2005," added Frank Magazine, GM of the Cheyenne facility.

The International Organization for Standardization (ISO) was established in 1947 to develop international standards in many areas. Its members come from over 120 national standard bodies.

The Lubrizol Corporation (NYSE: LZ) is a global provider of specialty chemicals and materials for a wide variety of markets and end-use applications, such as 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; performance coatings in the form of specialty resins and additives; and additives for the food and beverage industry. Lubrizol's industry-leading positions in additives, ingredients and compounds enhance the quality, performance and value of customers' products, while reducing their environmental impact.

Headquartered in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing facilities in 22 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has more than 7,700 employees worldwide. In June 2004, Lubrizol acquired Noveon International, Inc. With Noveon, Lubrizol generated pro forma revenues of $3.2 billion in 2003 and $2.8 billion in the first nine months of 2004.

This press release contains forward-looking statements within the meaning of the federal securities laws. As a general matter, forward-looking statements relate to anticipated trends and expectations rather than historical matters. Forward-looking statements are subject to uncertainties and factors relating to the company's operations and business environment that are difficult to predict and may be beyond the control of the company. Such uncertainties and factors may cause actual results to differ materially from those expressed or implied by forward-looking statements. Uncertainties and risk factors that could affect the future performance of the company and cause results to differ from the forward-looking statements in this press release are more fully described under "Risk Factors" contained in the company's Registration Statement on Form S-3, as amended, filed with the Securities and Exchange Commission on August 24, 2004, which is available on the company's website and upon request.

Source: Lubrizol


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