Lubrizol gets approval for Thai joint venture

Source：Lubrizol Corp. Release Date：2014-05-30 285

Plastics & Rubber

Joint investment in a chlorinated polyvinyl chloride (CPVC) resin manufacturing facility with Sekisui Chemical Company, Ltd. gets green light

THE LUBRIZOL Corporation 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.

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. Overall expansion efforts are expected to add 170,000 metric tons of CPVC resin and 200,000 metric tons of CPVC compound.

CPVC resins 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.

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