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 ©2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
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
Lubrizol Announces Collaboration with CP Kelco
March 29 2019 15:00 JST
More Press release >>
Latest Press Release
Toyota Announces Board Member, Executive, Organizational, and Personnel Changes
Jun 13, 2019 16:08 JST
Mitsubishi Motors: Eclipse Cross diesel engine version launch in Japan
Jun 13, 2019 15:08 JST
Sharp Builds Mega Solar Plant near New Ulaanbaatar International Airport, Mongolia
Jun 13, 2019 12:10 JST
NEC Introduces Unique, Adaptive Energy Warranty to Optimize Value for Energy Storage Customers
Jun 13, 2019 11:21 JST
Mitsubishi Corporation and Komeda Agree to Business Alliance and Acquisition of Third Party Shares
Jun 12, 2019 15:01 JST
MHPS to Participate in G20 Innovation Exhibition
Jun 12, 2019 11:10 JST
TOYOTA GAZOO Racing Takes on the Challenge of 24 Hours of Nurburgring Endurance Race with New GR Supra and Second-Year Lexus LC
Jun 11, 2019 17:09 JST
Fujitsu Expands Initiative to Resolve Ocean Plastic Waste Problem
Jun 11, 2019 11:10 JST
NEC and Aviat Sign Channel Partner Agreement for North America Microwave Business
Jun 11, 2019 11:00 JST
DENSO, Honeywell Partnership Takes Off to Create Electric Propulsion Systems for Urban Air Mobility
Jun 11, 2019 05:07 JST
NEC Provides TOP500 Supercomputer to RWTH Aachen University in Germany
Jun 10, 2019 17:05 JST
MHI Conducts Running Test of Explosion-Proof Plant Inspection Robot EX ROVR
Jun 10, 2019 11:36 JST
TOYOTA GAZOO Racing Ready to Defend Le Mans Crown
Jun 07, 2019 17:04 JST
Toyota: Aiming to Popularize BEVs
Jun 07, 2019 13:28 JST
Showa Denko Group Recycles 4.79 Million Aluminum Cans in FY2018
Jun 06, 2019 14:30 JST
Toyota and Subaru Agree to Jointly Develop BEV-dedicated Platform and BEV SUV
Jun 06, 2019 14:04 JST
MHPS Ships Gas Turbine for 500 MW Natural-gas-fired GTCC Power Generation System in Indonesia
Jun 06, 2019 13:53 JST
Gavi, NEC, and Simprints to Deploy World's First Scalable Child Fingerprint Identification Solution to Boost Immunization in Developing Countries
Jun 06, 2019 11:00 JST
Mitsubishi Motors Celebrates a Decade of i-MiEV, Pioneering Mass-Production Electric Vehicles
Jun 05, 2019 15:18 JST
WorkFusion and NEC Partner to Bring AI-driven Robotic Process Automation to Global Markets
Jun 05, 2019 15:17 JST
More Latest Release >>