CLEVELAND, January 28, 2016 -The Lubrizol Corporation announces the official opening of a chlorinated polyvinyl chloride (CPVC) compounding plant in Dahej, India. This opening represents the culmination of Lubrizol's latest industry leading investments in its global expansion of the company's FlowGuard®, BlazeMaster® and Corzan® compound manufacturing sites. These most recent investments, which were announced in 2013, total more than $200 million (INR1300 CR) and also include the 2015 opening of a resin manufacturing facility as part of a joint investment in Rayong, Thailand, as well as an expansion of the company's manufacturing facility in Louisville, Kentucky.
Strategically located in the Gujarat Industrial Development Corporation (GIDC), which is one of the largest chemical parks in India, Lubrizol is the first major global producer of CPVC to establish operations in India. With capacity to produce approximately 55,000 metric tons of compounds annually, the more than $50 million U.S. investment (INR 325 CR) in this plant further solidifies Lubrizol's commitment to the Indian market. The site's prime location positions the company to serve not only the growing Indian market, but to also support the emerging growth of its FlowGuard®, BlazeMaster® and Corzan® businesses in South Asia, the Middle East and East Africa.
"Our recent expansion efforts, combined with our existing operations, positions Lubrizol to continue to be a strong market leader for many years to come," stated Eric Schnur, president of Lubrizol Advanced Materials. "We are pleased to have an unmatched global footprint that provides our partners with reliable, high quality compounds to enable them to achieve their overall growth objectives."
"With construction projects in non-metro cities expected to continue to increase in India, and with the central government of India aiming to build more smart cities, the demand for trustworthy piping systems is expected to rise," said Manoj Dhar, head of TempRite® Engineered Polymers in South Asia. "Lubrizol is dedicated to providing our customers with the highest quality piping products through our insistence of using only the best raw materials, and our new India compounding plant will use the industry's most advanced compounding technology used in our FlowGuard, BlazeMaster and Corzan products developed in the U.S. and employed in our manufacturing sites around the globe."
A grand opening ceremony to commemorate the beginning of plant operations at the Dahej site is being held on January 29 and will be attended by Eric Schnur, president of Lubrizol Advanced Materials; Brian Pitts, general manager of TempRite Engineered Polymers; and Matt Timmons, managing director of Lubrizol Advanced Materials, South Asia. Various other members of the Lubrizol India management team will also partake in the celebrations along with valued customers Aliaxis Group (Bruxelles - Belgium); Ashirvad Pipes Pvt. Ltd. (Bangalore - India); Astral Pipes Ltd. (Kenya); Astral Poly Technik Ltd. (Ahmedabad - India); Marvel Technoplast Pvt. Ltd. (Kathmandu - Nepal); Phoenix Industries Ltd. (Sri Lanka); RFL Plastics Ltd. (Dhaka - Bangladesh); and various partners and Indian government officials.
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care and personal care products and pharmaceuticals, and specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives. Our products for the oilfield market include technologies for exploration, production and transportation.
With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 9,000 employees worldwide. Revenues for 2014 were $7 billion. For more information, visit Lubrizol.com.
Media Contacts
Julie S. Young
440/347-4432
Website: www.lubrizol.com (http://www.lubrizol.com)
Manoj Dhar, Head of TempRite Engineered Polymers, South Asia
M: 09967020535
Dhiren Maiseri, Site Head, Dahej
M: 08140044361
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Lubrizol via Globenewswire
