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Lubrizol to Invest $40 Million in Calvert City, KY Facility Expansion

Published on 2010-05-26. Author : SpecialChem

CLEVELAND -- Lubrizol Advanced Materials, a business segment of The Lubrizol Corporation, announces it will invest approximately $40 million in its Calvert City manufacturing facility, allowing the company to meet increasing customer demand.

The facility specializes in the production of Carbopol® polymers. These polymers are used in a number of refillable or consumable applications including consumer goods for the personal care, home care and pharmaceutical markets. This expansion will include advanced, proprietary process technology that will improve the ability of the Calvert City facility to continue to provide customers with high quality products.

"In response to increasing market demand, and in anticipation of future growth, this investment will enable us to expand production capacity and update our infrastructure at our Calvert City facility," said Tom Malafronte, senior vice president and general manager, Noveon® Consumer Specialties. "Strengthening our portfolio is one of Lubrizol's strategies for growth, and investing in our physical infrastructure is one way to accomplish this goal. Investments like those planned for Calvert City will ensure that we continue to deliver the security of supply and level of service that makes us the supplier of choice for our customers."

Lubrizol will benefit from a $3 million tax incentive under the Kentucky Reinvestment Act, with the support of the Kentucky Cabinet for Economic Development. The project is expected to provide additional jobs in the Western Kentucky region, through construction, and later, through additional employment at the Calvert City site.

Lubrizol Advanced Materials is a leading global producer of advanced specialty polymers, polymer-based additives and chemical additives. Used in everyday consumer 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.

About The Lubrizol Corporation:

The Lubrizol Corporation is an innovative specialty chemical company that produces and supplies technologies that improve the quality and performance of our customers' products 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 6,700 employees worldwide.

Source: Lubrizol Corporation


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