Lubrizol Corporation is to expand its global chlorinated polyvinyl chloride (CPVC) manufacturing facilities by setting up a resin and compounding manufacturing facility in Deer Park, Texas, USA.
The additional capacity will 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.
In India, Lubrizol has a diverse portfolio of businesses and technology platforms 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.
Timothy Madden, Managing Director South Asia, 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 to strengthen its global capacity and supply chain.’’'
He added: “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.’’'
Lubrizol evaluated several options and determined that the most efficient and effective next step is to build a new plant adjacent to Lubrizol’s existing Deer Park additives facility, leveraging its current infrastructure and expertise.
Additional site benefits include its close proximity to the Gulf shipping channel and direct access to the pipeline chlorine. The facility is expected to be operational by the fourth quarter of 2014 and is designed to complement the company’s existing CPVC manufacturing facilities.
With headquarters in Wickliffe, Ohio, Lubrizol Corporation owns and operates manufacturing facilities in 17 countries. Revenues for 2011 were $6.1 billion.