Lubrizol to Expand Presence in China with Shanghai Facility

Products for Performance Coatings, Textiles and Personal Care Slated for Manufacture

05-Mar-2007

The Lubrizol Corporation announced, that it will expand its presence in China by investing approximately $40 million U.S. (equivalent to approximately RMB 310 million) to build a facility in Songjiang, just outside of Shanghai. The new facility will include manufacturing, commercial and technical capabilities. It will be built on approximately 31,000 square meters of recently acquired land adjacent to the company's existing Estane® TPU (thermoplastic polyurethane) plant in the Songjiang industrial zone. The company expects to begin construction in the third quarter 2007, and to complete it in the fourth quarter 2008.

Products initially slated for production at the site are primarily resins, polymers and specialty additives used in coatings for paint, wood, plastic, metal and textiles. They also are used in printing inks, specialty papers, and adhesives. Carboset®, Hycar®, Lanco(TM), Myflam®, and Solsperse® are among the branded performance coatings products planned for manufacture. Personal care product ingredients also will be manufactured at the new facility. These include rheology modifiers, thickeners, and fixative polymers.

Future plans for the site could include adding other laboratories and production lines.

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