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-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 resistance to chemicals and high temperatures, 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,” said TempRite General Manager Dale Willis.
Details of the expansion were not included in the release, although it said the project will continue “through 2012.” Company officials could not be reached for further comment.
Investment firm Berkshire Hathaway Inc.'s $9.7 billion acquisition of Lubrizol was still pending as of July 26.
A specialty chemicals and plastics maker, Lubrizol posted sales of $5.4 billion in 2010. The firm's Advanced Materials unit, including CPVC as well as Estane-brand thermoplastic polyurethane, accounted for about 28 percent of the firm's 2010 sales.