Lubrizol Opens New Drumming Facility and Warehouse at Painesville Township Plant
(Thomson Reuters ONE) -
News Release
Lubrizol Opens New Drumming Facility and Warehouse
at Painesville Township Plant
CLEVELAND, September 29, 2017 - The Lubrizol Corporation announces the opening
today of a state-of-the art drumming facility and warehouse at its Painesville
Township manufacturing facility, both of which are part of the company's
previously announced phased investment at the site. The total $70 million
investment better positions the company to meet the changing demands of
customers and ensures the integrity and quality of its products while
reinforcing personal and environmental safety.
Construction on the 180,000 square feet combined buildings began in April
2015. With a focus on enhancing safety and business processes, the new
buildings will be instrumental in reducing risk and achieving the company's
business objectives of improving effectiveness, efficiency and consistency.
"Historically, the Painesville Township site has been of great importance to our
business, operating for more than 60 of the company's nearly 90 years," said Tom
Curtis, incoming president of Lubrizol Additives. "This latest investment
reinforces our commitment to the community by further ensuring the site as a key
source in Lubrizol Additives' global supply chain."
With more than half of all Lubrizol Additives products worldwide containing at
least one component manufactured at the Painesville Township site, adding new
manufacturing capacity and updated automated packaging capabilities was a
necessity. Furthermore, these efforts are important to ensure product integrity
and to improve the overall safety and efficiency of handling product drums and
totes.
"With our new drum filling facility, we will be able to improve safety by
minimizing the manual packaging of drums, reducing packaging time for a single
batch by more than 50% and minimizing the number of times a drum is handled by
more than 70%," commented Craig Hupp, Lubrizol Painesville Township plant
manager. "And, with 100% indoor storage provided by our new warehouse, we will
improve the quality and appearance of packaged products delivered to our
customers. All of these improvements will be a tremendous value to our overall
organization."
To commemorate the opening, earlier today Lake County Commissioners presented
Lubrizol with a certificate of recognition followed by a formal ribbon cutting
ceremony at the facility. In attendance were several of the Lake County
Commissioners and Painesville Township Trustees, as well as representatives from
Lake County Port Authority. Representatives from Lubrizol included Eric Schnur,
chairman, president and chief executive officer; Tom Curtis, incoming president
of Lubrizol Additives; Mark Sutherland, Lubrizol corporate vice president of
global communications and public affairs; Mike Vaughn, Lubrizol corporate vice
president, operations; Matt Joyce, vice president of Lubrizol Additives sales
and marketing; and Craig Hupp, Lubrizol Painesville Township plant manager.
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 8,300 employees
worldwide. Revenues for 2016 were $6.5 billion. For more information, visit
Lubrizol.com.
Media Contact
Maureen Morreale
440/347-1356
Website: www.lubrizol.com
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Lubrizol Painesville Ribbon Cutting_9.29.17:
http://hugin.info/143680/R/2138309/818586.jpg
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions 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
Unternehmensinformation / Kurzprofil:
Datum: 29.09.2017 - 21:07 Uhr
Sprache: Deutsch
News-ID 561955
Anzahl Zeichen: 5558
contact information:
Town:
Wickliffe, Ohio
Kategorie:
Business News
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