WICKLIFFE, OHIO (July 27, 12:15 p.m. ET) — Lubrizol Corp. has started a multimillion dollar expansion of its specialty plastics plant in Louisville, Ky.
The expansion is needed to handle growing demand for TempRite-brand chlorinated PVC, officials with Wickliffe, Ohio-based Lubrizol said in a July 27 news release.
The Louisville site has been making CPVC resins and compounds for 50 years. The materials are used in a variety of residential, commercial and industrial piping products, because of their inherent chemical and temperature resistance, officials said in the release.
“Lubrizol recognizes the tremendous growth potential for our CPVC products and is willing to support that growth with the necessary technology and manufacturing enhancements,” TempRite general manager Dale Willis said in the release.
Details of the expansion weren't included in the release, although officials said the project would continue “through 2012.” Officials could not be reached for further comment.
Last month, investment firm Berkshire Hathaway Inc. Completed its $9.7 billion acquisition of Lubrizol, a specialty chemicals and plastics maker that posted sales of $5.4 billion in 2010. Lubrizol's Advanced Materials unit — including CPVC as well as Estane-brand thermoplastic polyurethane — accounted for about 28 percent of the firm's 2010 sales.