28 May 2014
Details
announces that
it has received all necessary regulatory approvals
for its previously announced joint investment in a
chlorinated polyvinyl chloride (CPVC) resin
manufacturing facility with
Sekisui Chemical Company, Ltd.
The joint investment,
which was originally announced in February 2013,
will be located in Thailand and
is expected to be fully operational
by late 2014 or early 2015.
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manufactured at the Thailand site
will be designed to meet
the differing and unique requirements of
either Lubrizol or Sekisui's
resin performance specifications and quality standards.
Both companies will continue to
independently market and
sell their exclusive CPVC compounds,
which are designed to meet
the specific performance and
market requirements of their respective customers.
Lubrizol's involvement
in this joint investment is part of
the company's multi-phased $400 million expansion
of its global resin and compounding manufacturing capacity.
In addition to
* the Thailand JV,
Lubrizol recently broke ground on
a new compounding plant in
* Dahej, India
and is expanding its resin and compounding facility in
* Louisville, KY., USA.
Overall expansion efforts are expected to add
* 170,000 metric tons of CPVC resin and
* 200,000 metric tons of CPVC compound.
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