MOSCOW (MRC) -- Lubrizol has started construction for expanding its manufacturing facility in Painesville Township, Ohio, US, with an investment of USD100 m, said the producer in its press release.
Planned to be carried out over a period of five years, the expansion will include additional manufacturing capacity, increase in warehouse space, and enhanced automated packaging, staging and loading of truck shipments capabilities.
As part of the project, the company will add bulk transfer technology to ensure product integrity and reduce in-plant traffic, as well as improve efficiency of handling product drums and totes.
The expansion will support the region with approximately 25 new jobs at the plant, which currently has workforce of more than 300.
Lubrizol Painesville plant manager Craig Hupp said: "The Painesville Township community has been a supportive partner of Lubrizol since we began our operations there in 1956 and we are pleased to further reinvest and expand at the location.
"Through this important initiative, we will be better positioned to meet the changing demands of our customers, ensure the integrity and quality of our products, reinforce personal and environmental safety and attract the workforce talent that is required to run our operations."
For the expansion, the company has been offered tax incentives, as well as a grant from JobsOhio and refundable job creation tax credits from the state.
As MRC informed earlier, Lubrizol Corporation in February 2015 announced that it had acquired EcoQuimica Industria e Comercio Produtos Quimica Ltda., a manufacturer and supplier of coatings technology for products sold into decorative paints, textiles, cement, elastomeric coatings and paper coatings.
Lubrizol produces technologies for global transportation, industrial and consumer markets, including lubricant additives for transportation-related fluids, ingredients and additives for home care and personal care products and pharmaceuticals and performance coatings in the form of specialty resins.