CLEVELAND, July 29, 2021--(BUSINESS WIRE)--Today, Lubrizol announced the next phase of its staged, multi-million dollar investment in thermoplastic polyurethane (TPU) capacity and capabilities to serve the rapidly growing global Paint Protection Films (PPF) market. This comes on top of investments of over $20 million over the last three years in capacity, application and testing capabilities, and market insights.
The new investments will further optimize the global manufacturing footprint to support expected growth and innovation in the PPF market, with progressive capacity increases through debottlenecking and greenfield investments that will more than triple capacity over the next three years.
"We will continue to make the necessary investments in our facilities, capabilities and people to support the dynamic growth of our strategic customers and partners, aligned with our focus on surface protection", said Arnau Pano, vice president and general manager of Engineered Polymers for Lubrizol.
"The PPF market shows continued strong growth across the globe, driven by increased consumer awareness and the desire to protect vehicles surfaces and maintain premium aesthetics," said Viviana Wilson, global director industrial marketing of ESTANE® Engineered Polymers for Lubrizol. "Consumer preferences in PPF are well aligned with the long-lasting performance and protection enabled by the use of ESTANE® TPU from Lubrizol. Across the world, we’re channeling our resources and capabilities to help end-users benefit from high performance surface protection solutions."
Lubrizol’s mission to Move Cleaner, Create Smarter and Live Better and to leverage science to drive sustainable outcomes is well aligned with the performance properties of durability, protection and long service life valued in PPF applications. With a global manufacturing footprint and technical centers of excellence in the Americas, Europe and Asia, Lubrizol has served the global PPF industry for more than 30 years. To learn more about ESTANE® TPU for PPF applications, visit go.lubrizol.com/PPF.
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway Company, leverages its unmatched science to unlock immense possibilities at the molecular level, driving sustainable and measurable results to help the world Move Cleaner, Create Smarter and Live Better. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales and technical offices around the world and has approximately 8,800 employees. For more information, visit www.Lubrizol.com.
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Lubrizol Engineered Polymers
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