Thermoplastics Polyurethane Lubrizol Prepares for Growing TPU Demand
Lubrizol announced ongoing investments in its Engineered Polymers thermoplastics polyurethane (TPU) business around the globe. The company expects that a rebounding global economy leads to an increasing demand for their products used in infrastructure and technology investments.
Cleveland/USA — In North America, the company is adding new production capabilities, expanded raw material storage, warehouse space and improved site logistics. With the latest investment, new capacity is expected to come onstream later this year.
In Songjiang, China, the company held a ribbon cutting ceremony earlier this month to inaugurate a new compounding line and new extrusion lines. 2018 marks the fourth major expansion in Songjiang since the plant first produced TPU in the early 2000's. Recognizing the vast potential of the Chinese market, Lubrizol was the first foreign company to invest in local TPU production. Further investment is planned in Asia in 2019.
In Europe, the company is extending production capabilities for elastomers, aliphatics and adhesives. These expansions build on the acquisition of Merquinsa in 2011, and improvements to R&D laboratories in 2016. A next major European expansion is planned for 2019.