Lubrizol is planning to build a new resin and compounding
manufacturing facility in Deer Park, Texas, at an investment of
$125 million, the company said on Thursday.
The additional capacity will serve Lubrizol building and construction customers on a global
basis, according to the company.
Lubrizol says it projects continued strong global
growth in its chlorinated polyvinyl chloride (CPVC) business,
with particularly strong demand in India and other developing
To provide ongoing support to global customers, Lubrizol
says it is launching a multi-phased CPVC capacity expansion plan, beginning with the
new resin and compounding facility in Texas.
Lubrizol said it evaluated several options for the plan's
first phase and determined that the most efficient step is to
build a new plant located adjacent to Lubrizol's existing Deer
Park additives facility, leveraging current Lubrizol
infrastructure and expertise.
Additional site benefits include its close proximity to the
Gulf shipping channel and direct access to pipeline chlorine,
according to the company.
The facility, which Lubrizol described as world-class, is
expected to be operational by the 2014 fourth quarter and is
designed to complement the company's existing CPVC
manufacturing facilities. Specific capacity
details were not disclosed.
By expanding our manufacturing footprint, we are
ensuring future technology requirements are met and
our responses to changes in demand are well managed, said
Eric Schnur, president of Lubrizol Advanced Materials.
With this additional capacity, we will be in a much
stronger position to better serve the needs of our existing and
future customers globally."