Lubrizol Corporation has announced an update to its global expansion program for its Engineered Polymers thermoplastics polyurethane (TPU) business. The company is extending production capabilities in Europe, North America, and China to meet the growing global demand for its TPU products. Lubrizol sees a robust market poised for growth with increasing demand for higher performing and more sustainable materials. The company's investments and expansions demonstrate its long-term commitment to innovation and growth, and its ability to serve customers worldwide.
CLEVELAND - The Lubrizol Corporation announces an update to its ambitious global expansion program supporting the company's Engineered Polymers thermoplastics polyurethane (TPU) business and growing global demand for its Estane® TPU, Pearlthane(TM) TPU, Pearlbond(TM) TPU and other product lines.
"Ongoing investments in Engineered Polymers are an integral part of Lubrizol's global growth strategy and strengthen our position in every region of the world. We see a robust market poised for growth with a rebounding global economy, infrastructure and technology investments, and increasing demand for higher performing, more sustainable materials. We are well prepared to meet the needs of this dynamic market," states Arnau Pano, Vice President and General Manager, Lubrizol Engineered Materials.
In Europe, the company is extending production capabilities for elastomers, aliphatics and adhesives. Multiple staged investments and expansions are underway at its facilities in Oevel, Belgium and Montmelo, Spain. These expansions build on the acquisition of Merquinsa in 2011, and improvements to R&D laboratories in 2016. A next major European expansion is planned for 2019.
Similar investments and expansions are done in North America an China.
Jian-Wei Dong, General Manager, Lubrizol Engineered Polymers, adds, "Lubrizol has been recognized as a market leader since its invention of TPU for commercial use. These staged investments demonstrate our long-term commitment to innovation and growth and strengthen our ability to serve customers worldwide. The added capabilities ensure that we deliver world class quality and more sustainable manufacturing practices. Our resources are aligned to quickly identify and respond to market trends, fast-track innovation and applications development, and help our customers be more successful in the markets they serve."