2013-08-20 02:02:01 -
CLEVELAND, August 20, 2013 - The Lubrizol Corporation announces the opening
today of a world-class additives manufacturing facility in Zhuhai, Guangdong,
China. The plant is the latest addition to Lubrizol's long-term investment and
growing presence in China. It is also the cornerstone of Lubrizol's 10-year
phased investment plan, launched in 2010, to upgrade operations and increase
global capacity in additives. James L. Hambrick, chairman, president and chief
executive officer of Lubrizol, was in Zhuhai for the opening.
"The business climate in Asia is an exciting one, particularly when it comes to
the rapidly expanding automotive industry, where the demand for advanced fuels
and lubricants has never been stronger," said Hambrick. "Our investment in the
Zhuhai facility is further confirmation of our ongoing commitment to the region,
to the industry and to
our customers' success. This is truly an opportunity to
help our customers meet their growth plans while offering in-country technical
support and improved security of global supply. It is also a testament to our
commitment to the community in which our employees live and work."
Construction on the 400,000-square-meter site began in October 2010. The plant
will offer select additive component manufacturing as well as additive package
blending. Over the coming years, additional capabilities and capacity will be
phased in to meet market demand.
"By phasing in select capacity additions in China, we aim to respond to
lubricant growth in Asia and to better match our manufacturing footprint with
global demand patterns," said Dan Sheets, president, Lubrizol Additives, who
accompanied Hambrick in Zhuhai. "We believe that a local presence strengthens
our ability to partner with our customers to meet their demand by providing
shorter lead times while strengthening business continuity plans."
The site also includes a Zhuhai research, development and testing lab in support
of Lubrizol's engine oils, driveline, industrial and fuel additive businesses,
and is part of the company's global technical network of labs and experts. The
lab will support field testing in local vehicles under local conditions in
China, thereby generating performance data in support of Lubrizol customers.
Sheets added, "Our operations in Zhuhai will maintain the same quality,
integrity and adherence to the highest global environmental standards that our
customers have come to expect from Lubrizol. We have a highly trained, in-
country technical, commercial, operations and supply chain team ready to assist
customers' every business need."
Madam Lu Xiaofeng, director of administrative committee, Gaolan Port Economic
Zone, Zhuhai, believes Lubrizol is a key strategic partner to the local
government. She added, "We will continue to reinforce the strong trusting
relationship and solid cooperation between us to ensure successful operations
and growth, including future site expansion."
About Lubrizol Additives
Lubrizol Additives is a pioneering global supplier of chemical additive
technologies, including additives for engine oils, driveline and other
transportation-related fluids, and industrial lubricants, as well as additives
for gasoline and diesel fuel. Extensively tested in the lab and in the field
under real-world demands, Lubrizol additives are essential to the proven
performance of the finished lubricant. Product lines include Engine Additives,
Driveline Additives, Industrial Additives, Fuel Additives and Energy and Water
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, other transportation-related fuels
and 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
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 7,000 employees worldwide.
Revenues for 2012 were $6.1 billion. For more information, visit Lubrizol.com.
The Lubrizol Corporation, USA
The Lubrizol Corporation, China
+86-186 6698 0025
Ogilvy Public Relations, China
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