Lubrizol Expands In Neo

Lubrizol Corporation Expands in NEO

Lubrizol GroundbreakingThe
Lubrizol Corporation announced a five-year $100 million expansion
project at its Painesville Township facility to increase capacity
and improve site infrastructure. The expansion, which is estimated
to be complete by 2020, will support changing customer needs and
position the manufacturing facility to be successful as a provider
of key specialty products and services for Lubrizol now and into
the future.

The chemical company’s expansion includes the addition of new
manufacturing capacity, updated automated packaging capabilities,
increasing of warehouse space, and improvement of staging and
loading of truck shipments. The expansion will include
state-of-the-art bulk transfer technology which is important to
ensure product integrity, and is expected to reduce in-plant
traffic and congestion. Additionally, it will improve the safety
and efficiency of handling product drums and totes.

Through a collaborative effort with Lake County Port Authority,
Painesville Township and Lake County Commissioners, Lubrizol
obtained beneficial tax incentives, which were instrumental in the
company’s decision to proceed with the expansion. Additionally,
through a grant from JobsOhio and refundable job creation tax
credits from the state, Lubrizol expects to add approximately 25
new jobs at the facility which currently employs more than 300
full-time employees.


Read the entire press release from Lubrizol