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2016-01-28

Lubrizol: Lubrizol Completes CPVC Expansion Plans with Opening of Compounding Plant in Dahej, India

CLEVELAND, January 28, 2016 -The Lubrizol Corporation announces the official
opening of a chlorinated polyvinyl chloride (CPVC) compounding plant in
Dahej, India. This opening represents the culmination of Lubrizol's latest
industry leading investments in its global expansion of the company's
FlowGuard®, BlazeMaster®and Corzan®compound manufacturing sites. These most
recent investments, which were announced in 2013, total more than $200
million (INR1300 CR) and also include the 2015 opening of a resin
manufacturing facility as part of a joint investment in Rayong, Thailand, as
well as an expansion of the company's manufacturing facility in Louisville,
Kentucky.

Strategically located in the Gujarat Industrial Development Corporation
(GIDC), which is one of the largest chemical parks in India, Lubrizol is the
first major global producer of CPVC to establish operations in India. With
capacity to produce approximately 55,000 metric tons of compounds annually,
the more than $50 million U.S. investment (INR 325 CR) in this plant further
solidifies Lubrizol's commitment to the Indian market. The site's prime
location positions the company to serve not only the growing Indian market,
but to also support the emerging growth of its FlowGuard®, BlazeMaster®and
Corzan®businesses in South Asia, the Middle East and East Africa.
"Our recent expansion efforts, combined with our existing operations,
positions Lubrizol to continue to be a strong market leader for many years to
come," stated Eric Schnur, president of Lubrizol Advanced Materials. "We are
pleased to have an unmatched global footprint that provides our partners with
reliable, high quality compounds to enable them to achieve their overall
growth objectives."

"With construction projects in non-metro cities expected to continue to
increase in India, and with the central government of India aiming to build
more smart cities, the demand for trustworthy piping systems is expected to
rise," said Manoj Dhar, head of TempRite®Engineered Polymers in South Asia.
"Lubrizol is dedicated to providing our customers with the highest quality
piping products through our insistence of using only the best raw materials,
and our new India compounding plant will use the industry's most advanced
compounding technology used in our FlowGuard, BlazeMaster and Corzan products
developed in the U.S. and employed in our manufacturing sites around the
globe."
A grand opening ceremony to commemorate the beginning of plant operations at
the Dahej site is being held on January 29 and will be attended by Eric
Schnur, president of Lubrizol Advanced Materials; Brian Pitts, general
manager of TempRite Engineered Polymers; and Matt Timmons, managing director
of Lubrizol Advanced Materials, South Asia. Various other members of the
Lubrizol India management team will also partake in the celebrations along
with valued customers Aliaxis Group (Bruxelles - Belgium); Ashirvad Pipes
Pvt. Ltd. (Bangalore - India); Astral Pipes Ltd. (Kenya); Astral Poly Technik
Ltd. (Ahmedabad - India); Marvel Technoplast Pvt. Ltd. (Kathmandu - Nepal);
Phoenix Industries Ltd. (Sri Lanka); RFL Plastics Ltd. (Dhaka - Bangladesh);
and various partners and Indian government officials.

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. Our products for the oilfield
market include technologies for exploration, production and transportation.

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 9,000 employees
worldwide. Revenues for 2014 were $7 billion. For more information, visit
Lubrizol.com.

Media Contacts

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

Manoj Dhar, Head of TempRite Engineered Polymers, South Asia
M: 09967020535

Dhiren Maiseri, Site Head, Dahej
M: 08140044361

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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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Författare WKR

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