CONNECT WITH US:
Apr 30, 2019 09:00 JST
Ground Breaking Ceremony at New Lubrizol LUCANT Plant
CLEVELAND, Ohio, Apr 30, 2019 - (ACN Newswire) - The Lubrizol Corporation announces the groundbreaking ceremony for a new plant within the Ichihara Works (Ichihara City, Chiba, Japan) to manufacture LUCANT(TM) hydrocarbon-based synthetic fluid.
LUCANT is a high performance, hydrocarbon-based, specialty synthetic fluid used primarily as a viscosity modifier. It is used in the most demanding applications including automotive driveline, industrial lubricants and greases, and is the approved choice for leading OEMs and global oil marketers. Mitsui Chemicals was the first manufacturer to offer this unique synthetic fluid which boasts industry leading efficiency and durability.
"This investment in additional LUCANT capacity will allow the Lubrizol Additives business to further optimize its strategic relationship with Mitsui Chemicals to meet the evolving and demanding needs of lubricant market, while ensuring we remain a trusted, reliable and secure supply partner," said Barrie Masters, global business director for the viscosity modifier business at Lubrizol.
Commercial operation at the new plant is planned for 2021 and Mitsui Chemicals, Inc. and The Lubrizol Corporation are excited to further invest in their partnership. In 2014, Lubrizol entered into an exclusory agreement with Mitsui Chemicals, Inc. to become the exclusive worldwide seller and marketer of the LUCANT polymer products in the lubricant industry.
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers' success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.
With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,700 employees worldwide. Revenues for 2018 were $6.8 billion. For more information, visit Lubrizol.com.
Media Contact for The Lubrizol Corporation
Media Contact for Mitsui Chemicals, Inc.
Manager, Corporate Communications Div.
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Lubrizol via Globenewswire
Copyright ©2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
Lubrizol Announces Global Collaboration with Corbion
June 18 2019 16:30 JST
Particle Sciences Expands Controlled Substance Capabilities with Approval of DEA Schedule I Registration
May 29 2019 10:00 JST
Lubrizol to Present at the 29th CIMAC World Congress 2019
May 29 2019 10:00 JST
Lubrizol Aims at Circular Economy with TPU Solutions for Footwear
May 17 2019 08:00 JST
Lubrizol Announces Collaboration with Ultimaker's Material Alliance Program
May 15 2019 09:00 JST
Lubrizol's Diamond Dispersions Business Wins Queen's Award for International Trade
April 23 2019 23:00 JST
Lubrizol to Feature New Bio TPU Grades for 3D Printing and Molded Parts at Plastteknik Fair 2019
April 18 2019 07:30 JST
Lubrizol is Ready for ILSAC GF-6 - Announcing Lubrizol(R) PV1510 Additive Technology for the GF-6 Specification
April 16 2019 07:00 JST
Lubrizol Showcases Renewable-Sourced Estane(R) 3D ECO TPU for 3D Printing at RAPID + TCT 2019
April 12 2019 20:30 JST
Lubrizol Introduces Carbopol Style 2.0 polymer
April 03 2019 20:30 JST
More Press release >>
Latest Press Release
SDK to increase capacity of aluminum substrate for hard disks
Jan 15, 2021 10:00 JST
Toyota Gazoo Racing Introduces GR010 Hybrid Hypercar
Jan 15, 2021 08:37 JST
New-Look Toyota Yaris Wrc Ready to Fight for More Titles in 2021
Jan 15, 2021 08:16 JST
NEC Concludes Contract to Supply the Palau Cable 2 (PC2) Optical Submarine Cable
Jan 14, 2021 14:01 JST
Fujitsu Leverages Deep Learning to Achieve World's Most Accurate Recognition of Complex Actions and Behaviors Based on Skeleton Data
Jan 13, 2021 10:55 JST
Eisai to Present Abstracts on Lenvatinib at 2021 Gastrointestinal Cancers Symposium
Jan 12, 2021 12:37 JST
Thailand's First Demonstration Project of Optimized Performance Enabling Network for Volt/Var(Q) (OPENVQ) in Power Transmission Networks
Jan 12, 2021 12:21 JST
NEC Releases 'WISE VISION Endoscopy' in Europe and Japan
Jan 12, 2021 10:56 JST
Norwegian Block Exchange (NBX) Raises Capital for Growth
Jan 12, 2021 07:30 JST
MHI Thermal Systems Receives 2020 "Agency for Natural Resources and Energy Commissioner's Award" for MSV2 Series of High-efficiency, Air-cooled Heat Pump Chillers
Jan 07, 2021 15:20 JST
Olympus and Hitachi Announce Long-Term Business Alliance regarding Endoscopic Ultrasound Systems
Jan 06, 2021 18:48 JST
Hitachi Automotive Systems, Keihin, Showa, and Nissin Kogyo Conclude Management Integration and Commence Operations as Hitachi Astemo
Jan 06, 2021 18:17 JST
NEC's Northgate Public Services Acquires Charter Systems Ltd to Improve Information Sharing for Undercover Policing
Jan 05, 2021 10:19 JST
New Year Message from Kohei Morikawa, Showa Denko President and CEO
Jan 04, 2021 14:00 JST
Mazda Production and Sales Results for November 2020
Dec 28, 2020 10:37 JST
Hitachi Capital, Hitachi Asia, and SANTEC Begin Collaboration to Drive Solar Power Generation Business in Thailand
Dec 28, 2020 09:19 JST
Toyota Launches "C+pod" Ultra-Compact Battery Electric Vehicle in Japan
Dec 25, 2020 15:14 JST
Showa Denko Revises Dividend Payment Forecast
Dec 25, 2020 14:00 JST
Toyota's Global Sales and Production Up Year-on-Year in November for Third Consecutive Month
Dec 25, 2020 13:43 JST
Vietnam Pilot Project Utilizing TradeWaltz Platform Adopted Under Government's Supply-Chain Diversification Scheme
Dec 24, 2020 17:01 JST
More Latest Release >>