20 August 2013

Lubrizol Opens Additives Manufacturing Facility in Zhuhai, China

Cleveland – 20 August 2013 - The Lubrizol Corporation today announces the opening of an 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. 

"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 James L. Hambrick, chairman, president and chief executive officer of Lubrizol. 

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. 

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.

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."

The Lubrizol Corporation, a Berkshire Hathaway company, is headquartered 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. 

Source: Lubrizol