The Lubrizol Corporation announced its plans to expand its global CPVC manufacturing facilities by setting up a resin and compounding manufacturing facility in Deer Park, Texas, USA. “The additional capacity would serve Lubrizol building and construction customers on a global basis. The new plant will require a total investment of approximately $125 million over a three-year period,” the company informed in a statement.
“Lubrizol evaluated several options for the plan’s first phase and determined that the most efficient and effective next step is to build a new plant located adjacent to Lubrizol’s existing Deer Park additives facility, leveraging current Lubrizol infrastructure and expertise. Additional site benefits include its close proximity to the Gulf shipping channel and direct access to pipeline chlorine. The world-class facility is expected to be operational by fourth quarter 2014 and is designed to complement the company’s existing CPVC manufacturing facilities,” the statement adds.
Expansion plansCommenting on the expansion plan, Eric Schnur, President of Lubrizol Advanced Materials, said, “By expanding our manufacturing footprint, we are ensuring future technology requirements are met and our responses to changes in demand are well managed. With this additional capacity, we will be in a much stronger position to better serve the needs of our existing and future customers globally.” Focus on Indian marketSharing his thoughts on the Indian market, Timothy Madden, Managing Director South Asia, Lubrizol Advanced Materials said, “As India’s growth continues and a large number of projects are planned in Tier 3 and Tier 4 towns, demand for innovative piping systems is expected to rise accordingly. To fulfil this demand, Lubrizol is set to strengthen its global capacity and supply chain. India is one of Lubrizol’s top three focus countries for growth and we continue to evaluate and validate our manufacturing options, such as the potential for additional production and warehousing facilities in the region to support our growth strategy.”
Diverse portfolioLubrizol has a diverse portfolio of businesses and technology platforms in India that compete in a variety of markets. The company serves the lubricant additives, building and construction, personal care, pharma, coatings, electronics, sports and recreation, and transportation markets. It is one of the leading service providers with specially engineered polymers that have most widely been used in piping systems for plumbing, industrial and fire sprinkler systems.
The statement also said, “Lubrizol is recognised as a global leader in reliability, quality and providing innovative solutions for its customers’ high-performance application needs and remains committed to ongoing investment in its CPVC capabilities that support future growth. The company is dedicated to providing its customers with the highest quality piping product through its insistence on using only the best raw materials and strictly managing the resin and compound manufacturing processes.”
Lubrizol’s advanced polymer technology delivers exceptional performance for the plumbing, fire sprinkler, industrial and other building and construction related applications. “The combination of Lubrizol’s industry leading position in key global markets and its planned capacity expansion allows the company to better support its customers’ growth with its FlowGuard, BlazeMaster, Corzan and TempRite brands,” the statement concludes.