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2014-04-04

Lubrizol: Lubrizol Breaking Ground on TempRite® CPVC Compounding Plant in India

The Lubrizol Corporation29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298 News Release Lubrizol Breaking Ground on TempRite® CPVC Compounding Plant in India * First major CPVC gloabal producer to construct operations in India
* Estimated investment of more than $50 million U.S.
* Plant expected to be operational during 1Q 2015

CLEVELAND, April 4, 2014 - The Lubrizol Corporation announces the
groundbreaking for a new TempRite® chlorinated polyvinyl chloride (CPVC)
compounding plant in Dahej, India. Construction of this plant is an integral
component of the company's previously announced $400 million global expansion
of its resin and compounding manufacturing capacity. Further solidifying
Lubrizol's commitment to the Indian market, investment in this new plant
marks Lubrizol as the first major global producer of CPVC to establish
operations in India. The estimated investment in the new plant is more than
$50 million U.S., and it will have the capacity to produce approximately
55,000 metric tons of compounds annually.
The plant will be strategically located in the Gujarat Industrial Development
Corporation (GIDC), which is one of the largest chemical parks in the
country. Many of the raw materials required for Lubrizol's specialty chemical
product portfolio are produced in GIDC. The plant is located near excellent
infrastructure and is well-positioned geographically to serve the growing
Indian market as well as support the emerging growth of the TempRite CPVC
business in South Asia, the Middle East and East Africa.

"Our investment in India is a major step forward for our customers based in
the region," explains Manoj Dhar, head of TempRite Engineered Polymers in
South Asia. "With the projected growth of our FlowGuard® hot and cold
plumbing system products, this plant will be instrumental in enabling us to
better meet the growing demands in the market."

"Lubrizol remains committed to supplying our customers and manufacturing
partners with quality piping solution products for their continued global
growth," states John Nunnari, global general manager of TempRite Engineered
Polymers. "Utilizing the most advanced compounding technology developed in
the U.S., the India compounding plant is expected to provide us with a
strong, reliable manufacturing base for India and other nearby markets."

A groundbreaking ceremony at the Dahej site on April 4 was attended by Eric
Schnur, president of Lubrizol Advanced Materials; John Nunnari, global
general manager of TempRite Engineered Polymers; Timothy Madden, managing
director of Lubrizol Advanced Materials, South Asia; and various other
members of the Lubrizol India management team.

Lubrizol is recognized as a global leader in reliability, quality and
providing innovative solutions for its customers' high-performance
application needs and remains committed to ongoing investment in its CPVC
capabilities that support future growth. The company is dedicated to
providing its customers with the highest quality piping product through its
insistence on using only the best raw materials and strictly managing the
resin and compound manufacturing processes.

Lubrizol's advanced polymer technology delivers exceptional performance for
the plumbing, fire sprinkler, industrial and other building and construction
related applications. The combination of Lubrizol's industry leading position
in key global markets and its planned capacity expansion allows the company
to better support its customers' growth with its FlowGuard®, BlazeMaster®,
Corzan® and TempRite® brands.

Attachments: Two Digital Images

LZ_CPVC_IndiaGB_01.JPG
Caption:
Members of Lubrizol's executive staff, guests and dignitaries ceremoniously
break ground on the site of the Corporation's new CPVC compounding plant in
Dahej, India.
(Left to right): Manoj Dhar, head of TempRite Engineered Polymers, India;
Pawan Poddar, Managing Director, Asirvad Pipes Pvt. Ltd; Peter Clough, global
plumbing leader and business manager, Europe, Middle East, Africa and India;
John Nunnari, global general manager of TempRite Engineered Polymers; Eric
Schnur, president of Lubrizol Advanced Materials; Sandeep Engineer, Managing
Director, Astral Poly Technik Ltd.; Dhiren Maiseri, site head, Dahej plant;
and Timothy Madden, managing director of Lubrizol Advanced Materials, South
Asia.

LZ_CPVC_IndiaGB_02.JPG
Caption:
President of Lubrizol Advanced Materials, Eric Schnur, unveils the Foundation
Stone commemorating the beginning of construction of the Corporation's new
CPVC compounding plant in Dahej, India.

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, driveline and other
transportation-related fluids, 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 additives.

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 7,500 employees
worldwide. Revenues for 2013 were $6.4 billion. For more information, visit
Lubrizol.com.

Media Contact

Julie Young
440/347-4432
Website: www.lubrizol.com

LZ_CPVC__IndiaGB_02
http://hugin.info/143680/R/1774218/604996.JPG
LZ_CPVC_IndiaGB_01
http://hugin.info/143680/R/1774218/604995.JPG

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Lubrizol via Globenewswire

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