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MarketScreener Homepage  >  Equities  >  Nyse  >  LUBRIZOL CORP NPV       

LUBRIZOL CORP NPV

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LUBRIZOL CORP NPV : Lubrizol Upgrades Fuel and Lubricants Lab in Mumbai, India

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08/17/2011 | 03:50pm EDT

Enhanced capabilities will better serve the needs of customers in Asia

CLEVELAND and MUMBAI, August 17, 2011—The Lubrizol Corporation (NYSE: LZ) announces plans to upgrade its existing additives testing capabilities in Mumbai, India. Renovations will include the consolidation of several existing labs into a modern lab facility capitalizing on synergistic resources. The purchase of new testing equipment will help ensure timely, enhanced and valuable services for customers. Other new equipment will broaden overall testing capabilities and meeting space will allow for interactive customer training opportunities. The result will be the creation of a world-class laboratory infrastructure designed to meet the significant increase in demand for lubricant testing expected to occur in India within the next five years.

The ongoing advances in the transportation market in India demand better quality fuels and lubricants. The testing facility in Mumbai will provide high-quality services for lubricant, fuel and industrial additive customers and OEMs in India and throughout the region. Capabilities at the Mumbai facility include additive and lubricant sample blending, physical and chemical analyses and performance testing. Bringing all these activities together in a new, expanded laboratory space will increase efficiency, provide for additional types of testing and allow Lubrizol to deliver results to customers more quickly.

The technical facility will be linked to Lubrizol’s global R&D and testing system through its advanced computer network, providing immediate, 24-hour access to global data in support of customers.

Completion is targeted for mid 2012.

About The Lubrizol Corporation

The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives. Lubrizol’s industry-leading technologies in additives, ingredients and compounds enhance the quality, performance and value of customers’ products, while reducing their environmental impact.

With headquarters in Wickliffe, Ohio, The Lubrizol Corporation 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 2010 were $5.4 billion. For more information, visit www.lubrizol.com.

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