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Oil & Gas

Lubrizol Unveils $200M Investment Plan

March 26, 2008
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According to the Associated Press, Lubrizol Corp., which makes fuel and oil additives, said recently it plans to spend about $200 million to increase and upgrade global capacity.

The 10-year project will entail extensive "debottlenecking" at existing facilities plus construction of a new plant in Tianjin Harbour Industrial Park, China.

The new Chinese site is expected to accommodate the relocation of the Tianjin Branch plant of the Lanzhou Lubrizol Lanlian Additive Co. Ltd. engine oil additive joint venture, which must be moved from its Tianjin Tanggu due to a change in zoning.

The $200 million project is in addition to the Lubrizol Additives segment''s continued reinvestment in its existing operations and environmental compliance at roughly the rate of depreciation.
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