Lubrizol unveils compounding line in China polymers industry

Date: 2018-03-19   Author: Saipriya Iyer  Category: #industry

Lubrizol unveils compounding line in China polymers industry

In what may be touted as an attempt to serve the increasing demand for TPU and specialty compounds, Lubrizol Corporation has recently inaugurated its new compounding production line in Songjiang. Reportedly, the decision of expanding in China is a part of the company’s strategic global capacity expansion program in Engineered Polymers, totaling an investment of approximately USD 80 million.

As per company officials, the demand for specialty compounds and elastomers in the polymers & advanced materials industry is likely to grow at a double-digit rate over the coming years. Lubrizol's latest expansion initiatives may be in response to this opportunistic wave. Sources state that by incorporating state-of-the-art production facilities, the new compounding line would be able to produce highly functional, customized thermoplastic polyurethane and elastomer compounds. Reportedly, the new capacity is expected to come onstream in the second half of this year.

Speaking of the production line in terms of its contribution toward the regional polymers & advanced materials industry, it has been reported that the line is expected to increase the TPU production capacity in Songjiang by almost 40%.

Lubrizol is claimed to be the first foreign organization to have invested in China TPU production. The 2018 expansion project, reportedly, is the fourth major TPU production deal in Songjiang, the first being in early 2000s. Reports claim that the Songjiang site is featured with excellent reliability, without any recordable case of incidents over the past three years.

As per reliable sources, Lubrizol has been consistently adding capacity to its already existing TPU manufacturing unit across major economies, in a bid to strengthen its stance in global polymers & advanced materials industry. Multiple expansion projects and investments are presently underway at the company’s existing units in Belgium, Avon Lake, Spain, Montmelo, and Ohio. The specialty chemical market giant is also allegedly planning for an investment capital in the Asian belt, next year.



About Author


Saipriya Iyer linkdin-boxtwitter

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

Post Recommendents

Hemoglobin Testing Devices Market by Growth Factors Analysis and Opportunities Analysis to 2025

Author: Rahul Varpe

A highly analytical qualitative as well as quantitative evaluation of the Hemoglobin Testing Devices Market has been covered in this report. The study evaluates the myriad aspects of this industry by taking into consideration its historical and fo...


Rat Model Market to 2028 - Development Status and Application Analysis

Author: Rahul Varpe

An extremely definite evaluation of the Rat Model Market in terms of qualitative as well as quantitative analysis has been covered in this report. The myriad aspects of this industry, having considered its historical and forecast data have been en...


Electrosurgical Generators Market - Regional Outlook and Competitive Strategies to 2025

Author: Rahul Varpe

The report overall depicts the potential opportunities for the Electrosurgical Generators Market till the year 2025 based on SWOT analysis, growth strategies by the major vendors prevalent in the current scenario, surveys highlighting the current ...