Lubrizol
Encyclopedia
The Lubrizol Corporation, a Berkshire Hathaway
company, is a specialty chemical company that produces and supplies technologies, which are designed to improve the quality and performance of products in the global transportation, industrial and consumer markets. Headquartered in Wickliffe, Ohio
, United States, Lubrizol holds a base of approximately 1,600 patents as of October 2011.
Lubrizol operates production facilities in 19 countries, with sales and technical offices throughout the world, through the efforts of more than 6,900 individuals.
Lubrizol sells more than 12,000 products in over 100 countries. The company has two major business segments: Lubrizol Additives (LZA), a leading global supplier of fuel and lubricant additives for transportation and industrial applications; and Lubrizol Advanced Materials (LZAM), a leading global producer of advanced specialty polymers
, polymer-based additives and chemical additives for a broad range of consumer and industrial applications.
The Lubrizol Corporation is on Fortune
magazine’s list of the 500 largest companies in the U.S. Based on 2010 revenues, Lubrizol moved up in the ranking order to 423 from 453 the previous year.
On the basis of 2010 profitability metrics, total shareholder return
(TSR) and earnings per share
growth, Lubrizol was the top performing company among the 16 chemical companies that are on the Fortune 500
.
This performance includes:
Lubrizol also moved up in the ranking order in the Forbes
magazine’s Global 2000 to 1,220 from 1,249 the previous year. The company ranked number 20 globally in their industry sector of specialty chemicals. Unlike the Fortune 500, which is a ranking solely on 2010 revenues, the Forbes Global 2000 ranking is based on a combination of revenues, net income, assets and market value
.
, United States. The company was founded by Kent Smith (first President), F. Alex Nason (first Vice-President), Frank A. Nason (first Treasurer), Kelvin Smith (President in 1951), Vincent Smith (first Secretary) and Tommy James (introduced Lubrizol’s first gasoline additive). On September 10, 1929, Lubrizol’s first product, a graphited lubricant
and applicator marketed under the Lubri-Graph name, was launched. The young company changes its name to The Lubri-Graph Corporation.
In 1931,' The Lubri-Graph Corporation moves to the Cleveland suburb of Wickliffe, Ohio
. The location will become the company’s corporate headquarters and remains so today. By 1934, sales of Lubri-Zol special motor lubricant begin to soar; the company changes its name yet again, becoming The Lubri-Zol Corporation. (The hyphen is dropped in the 1940s.) Lubri-Zol also establishes Anglamol, Ltd.—later Lubrizol Great Britain, Ltd.—its first affiliate outside the United States and the beginning of its expansion as a global enterprise. Zinc dithiophosphate, Lubri-Zol’s pioneering oxidation and corrosion-inhibiting lubricant additive chemistry is introduced to the market.
In the 1940s, Lubrizol supports the war
effort. Government authorities credit Lubrizol with producing more than half of all the engine oil additives and about 80% of all the gear lubricant additives required in Allied military operations. During this time period, Lubrizol researchers develop and introduce the first multipurpose extreme pressure additive for hypoid gears, along with the first fluid additives for automatic transmissions
.
By the 1950s, Lubrizol becomes the first company to manufacture lubricant additives in France. In 1957, Lubrizol acquired International Rustproof Corporation, a producer of metal coatings. Lubrizol gained significant technical expertise in coatings technology—expertise that will increase over the years through numerous research and development initiatives.
On August 22, 1966, Lubrizol goes public, with stock offered on the New York Stock Exchange
(NYSE: LZ). Growing concerns about air quality and increasing demand for improved engine performance, lead Lubrizol to re-energize its efforts in fuel additives. As a result, new, multifunctional dispersant
gasoline additives are introduced to the marketplace.
Before the 1970s, no one thought about fuel economy
. That changed with the gas crisis of 1974
. Lines at gasoline stations stretched for blocks, and for the first time, Lubrizol turned its attention to additives to improve total vehicle economy. Lubrizol also introduced super high performance diesel oil additives and fuel saving multigrade gear oil
additives.
The 1980s are a decade of technology firsts for Lubrizol. Innovative new additive chemistries are introduced in numerous product areas: passenger motor oils, gear oils, hydraulic fluids and viscosity modifiers. Lubrizol launched high water content fluid microemulsions for use in hydraulics.
In the 1990s, Lubrizol builds on its long-time presence in Asia Pacific by focusing its efforts in China. The company begins to supply lubricant additives in China through its joint venture facilities in Tianjin and Lanzhou. Lubrizol continues to expand its presence in the specialty chemical marketplace by making significant acquisitions in the areas of performance coatings and metalworking. In addition, in 1996, the company acquired CPI Engineering Services, Inc., a formulator of specialty synthetic lubricants used in air and refrigeration compressors
.
On June 3, 2004, Lubrizol completed the acquisition of Noveon International, Inc.(formerly BF Goodrich Performance Materials), a specialty chemical company with a strong product portfolio in additives and ingredients for the personal care, performance coatings and engineered polymers markets. Noveon was a transformational acquisition that nearly doubled the size of the company and cemented Lubrizol’s position as a global specialty chemical company.
In 2009, Lubrizol overcame the difficulties of the global economic recession to become one of the few chemical companies to produce record earnings. The results from 2009 contributed to Lubrizol being named Company of the Year by Chemical & Engineering News
in January 2010. Later in 2010, Lubrizol expanded its global footprint by breaking ground on a new additive manufacturing plant in Zhuhai
Gaolan, China.
On March 14th, 2011, Berkshire Hathaway
Inc. (NYSE: BRK.A, BRK.B) and The Lubrizol Corporation (NYSE: LZ) announced a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction. The transaction, which was unanimously approved by the board of directors of each company, is valued at approximately $9.7 billion, making it one of the largest acquisitions in Berkshire Hathaway history. This transaction was approved by Lubrizol’s shareholders on June 9, 2011. The deal is expected to be finalized in the third quarter of 2011.
On September 16th, 2011, Berkshire Hathaway completed the acquisition of Lubrizol.
, motorcycles to marine vessels. They also have a full range of gasoline, diesel and biofuel additives that improve the performance of their customers’ fuels. As the only additive company with a product line for all on- and off-road driveline applications, Lubrizol provides advanced technologies for use in transmission fluids, gear oil and farm tractor fluids. In addition, they offer performance additive packages and component s for a wide range of indus trial lubrication applications.
approved lubricants.
Passenger Car Engine Oils: Automotive lubricants used in car and light-duty truck engines are classified as passenger car engine oils, designed for vehicles that operate using gasoline, diesel and alternative fuels.
Marine Engine Oils: Marine diesel engines require unique oils that can address the combustion effects of heavy fuels. Lubrizol has chemistries to formulate oils that meet the requirements of OEMs as well as the demands of ship owners for either 2 or 4 stroke engines.
Other Engine Oils: In addition, Lubrizol formulates a range of products to meet a variety of other performance needs for smaller engines including: motorcycle and recreational vehicle engines, everyday power tools and stationary gas engines.
and residual fuel additives that improve combustion, deposit control, flow and friction. The results are optimal power, performance, engine and equipment life, fuel economy and emissions.
compatibility, engine cleanliness, driveability and reduced friction
Diesel fuel additives: Lubrizol diesel fuel additives are developed as solution
s for improved fuel economy, emissions, power restoration, and compatibility with diesel fuel and biodiesel blends.
Biofuel additives: Improving fuel economy, restoring power, and reducing emissions with biofuels are all benefits of biofuels due to biofuel additives
Performance aftermarket products: Highly-engineered products to meet the challenging vehicle needs of performance aftermarket chemicals. Home heating fuel additives: Home heating oils formulated and optimized with Lubrizol additives reduce overall costs to consumers while providing additional benefits like improved stability and corrosion
control.
Industrial fuel additives: Lubrizol products improve the value of residual fuels used in industrial applications. The fuel additive technology provides a range of benefits including improved fuel economy, less equipment downtime and easier maintenance.
Marine fuel additives: Lubrizol’s proprietary fuel additive technology for marine distillate and residual fuel oils offers improved engine performance, fuel economy and reduced lubricant consumption.
Refinery/Oilfield Products: Refineries, oilfield service companies, and refinery service companies count on Lubrizol technologies to perform – enabling them to market and employ advanced solution
s for the most complex petroleum challenges.
, small hydraulic pumps and farm equipment. Their technologies control sludge
and varnish; prevent rust and corrosion; prevent fluid leakage; and protect gears, clutch plates, bushings and other metal parts.
Lubrizol’s gear oil additive technology has applications in passenger cars, trucks and heavy equipment. Lubrizol’s Anglamol® gear oil additive packages focus on friction reduction, heat removal and extreme pressure anti wear additives to prevent wear, pitting, spalling, scoring, scuffing and other types of distress that can result in equipment failure and downtime.
Lubrizol’s off-highway lubricant additives are used in fluids that lubricate transmissions, final drives, wet brakes, transmission clutches and hydraulic systems, typically from a common fluid reservoir on the vehicle. Off-highway lubricants are used in both on and off-highway commercial transmissions, high-pressure hydraulic systems, and construction, mining, agricultural and forestry equipment.
, turbines and metalworking
tools and parts.
Hydraulic Additives: Lubrizol’s hydraulic additives protect hydraulic equipment used in automotive plants, injection molding
, agricultural equipment, textile plants, industrial robotics, steel mills, material handling, forestry and off-road vehicles.
Industrial gear oil additives: Lubrizol supplies advanced gear oil technology that helps to improve the efficiency and durability of industrial equipment. Industrial gear oils are used across the industrial market in a number of applications including wind turbines, paper, textile and steel mills, mining and forestry.
Lubrizol’s metalworking additives improve metalworking fluids used in the cutting, rolling, stamping and milling of metal.
Performance Materials), Lubrizol Advanced Materials is a leading global producer of advanced specialty polymers, polymer-based additives and chemical additives. Used in everyday consumer and industrial applications, their additives and ingredients can be found in anything from personal care products to pharmaceuticals, plastics technology to performance coatings.
Recognized brand names include: Estane TPU, an elastomeric material that bridges the gap between flexible rubber and rigid plastics; Isoplast ETPU, engineered thermoplastic polyurethane resin; Carbothane TPU, a medical grade aliphatic, polycarbonate-based thermoplastic polyurethane; Stat-Rite Static Control Systems, inherently static dissipative material with permanent ESD protective and prevention properties; Carbo-Rite Carbon Alloy Systems; a carbon filled conductive polymer
that can be used for thermoforming or injection molding applications; Electro-Rite Conductive Coating Systems, inherently conductive polymer-coated sheets for effective electro static dissipative (ESD) protection on thermoformed trays
Building and Construction
Electronics
Industrial
Medical
Sports & Recreation
Transportation
(CPVC) resins and compounds. Their heat-resistant and low combustibility CPVC specialty plastics have applications in fire sprinkler systems, plumbing systems
and industrial piping. Today, Lubrizol CPVC compounds are also found in products as diverse as exterior building materials (such as exterior cladding
and fencing
), industrial systems and even aircraft interiors.
Recognized brand names include: FlowGuard Gold; Blazemaster; Corzan and Corzan HP; FlowGuard Bendable and TempRite CPVC Material Solutions
Pipe and fittings
for industrial piping systems and residential and commercial water distribution systems
Fire sprinkler systems for multi-family, commercial and residential applications
Specialty CPVC compounds for use in airplane interiors, window lineals, fencing, exterior cladding and decking
, sensorial appeal and overall aesthetics of formulations.
Household, Institutional and Industrial (HI&I) ingredients add value to product formulations, economically, through increased performance and enhanced applications. Their materials improve overall product functionality and product delivery. Their high performance pharmaceutical ingredients are used in both prescription and over-the-counter products. The ingredients impart valuable functional benefits to finished drug products such as controlling drug release from tablets and improving flow properties in semisolid and liquid formulations. Lubrizol is also a global supplier of food ingredients that are suitable as natural texturizers for a variety of applications including ice cream, dairy, meat, and canned pet food.
Recognized brand names include: Carbopol polymers, the industry standard in rheology modification, stabilization and suspension, naturally derived methyl glucoside derivatives such as Glucamate thickeners and emulsifiers, Glucam and Glucquat humectants, and Glucate emulsifiers, Fixate styling polymers, sensory modifiers like Schercemol and Hydramol esters, SilSense specialty silicones and lanolin derivatives, Chembetaine and Sulfochem surfactants and performance blends, Diagum hydrocolloids and Novethix L-10 polymers for HI & I applications.
Personal Care
Household, Institutional and Industrial
Pharmaceuticals
Food
Recognized brand names include: Lanco; Solsperse hyperdispersants used in surface coatings to improve pigment dispersion and to reduce interparticulate attraction within that dispersion; Carbosperse used in a variety of industrial applications, including water treatment, paint and coatings, textiles, and agricultural formulations
Graphic Arts
Engineered Substrates (textiles, specialty papers and nonwovens)
(ACC) and, as a member, they subscribe to the principles of Responsible Care. The ACC created the Responsible Care Management System (RCMS), which requires third-party certification of Health, Safety, Environmental and Security (HSES) management systems across all business activities.
Their ACC membership requires that they utilize third parties to certify a sample of four U.S. sites, as well as the corporate headquarters, to the RCMS or RC14001 technical specification every three years. They have far surpassed this requirement and between 2008 and 2010 have certified all 20 U.S. manufacturing facilities and corporate headquarters.
REACH, the Registration, Evaluation, Authorization and Restriction of Chemicals, is Europe’s newest compliance regulatio n. It requires manufacturers and importers to generate data for at least 30,000 substances in Euro pean commerce. To support REACH, Lubrizol has completed the pre-registration phase of all eligible substances and has assembled a cross-functiona l REACH Go vernance Council to manage all current and future aspects of this far-reaching legislation. Currently they are:
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
company, is a specialty chemical company that produces and supplies technologies, which are designed to improve the quality and performance of products in the global transportation, industrial and consumer markets. Headquartered in Wickliffe, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, United States, Lubrizol holds a base of approximately 1,600 patents as of October 2011.
Lubrizol operates production facilities in 19 countries, with sales and technical offices throughout the world, through the efforts of more than 6,900 individuals.
Lubrizol sells more than 12,000 products in over 100 countries. The company has two major business segments: Lubrizol Additives (LZA), a leading global supplier of fuel and lubricant additives for transportation and industrial applications; and Lubrizol Advanced Materials (LZAM), a leading global producer of advanced specialty polymers
Polymer
A polymer is a large molecule composed of repeating structural units. These subunits are typically connected by covalent chemical bonds...
, polymer-based additives and chemical additives for a broad range of consumer and industrial applications.
The Lubrizol Corporation is on Fortune
Fortune (magazine)
Fortune is a global business magazine published by Time Inc. Founded by Henry Luce in 1930, the publishing business, consisting of Time, Life, Fortune, and Sports Illustrated, grew to become Time Warner. In turn, AOL grew as it acquired Time Warner in 2000 when Time Warner was the world's largest...
magazine’s list of the 500 largest companies in the U.S. Based on 2010 revenues, Lubrizol moved up in the ranking order to 423 from 453 the previous year.
On the basis of 2010 profitability metrics, total shareholder return
Total Shareholder Return
Total Shareholder Return is a concept used to compare the performance of different companies’ stocks and shares over time. It combines share price appreciation and dividends paid to show the total return to the shareholder...
(TSR) and earnings per share
Earnings per share
Earnings per share is the amount of earnings per each outstanding share of a company's stock.In the United States, the Financial Accounting Standards Board requires companies' income statements to report EPS for each of the major categories of the income statement: continuing operations,...
growth, Lubrizol was the top performing company among the 16 chemical companies that are on the Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
.
This performance includes:
- #1 for profit as percentage of revenues
- #1 for profit as percentage of assets
- #3 for profit as percentage of shareholder equity
- #1 for total shareholder return from 2000-2010
- #2 for total shareholder return for 2010
- #3 for earnings per share annual growth from 2000-2010
Lubrizol also moved up in the ranking order in the Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
magazine’s Global 2000 to 1,220 from 1,249 the previous year. The company ranked number 20 globally in their industry sector of specialty chemicals. Unlike the Fortune 500, which is a ranking solely on 2010 revenues, the Forbes Global 2000 ranking is based on a combination of revenues, net income, assets and market value
Market value
Market value is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although these terms have distinct definitions in different standards, and may differ in some...
.
History
Lubrizol originated on July 31, 1928 as The Graphite Oil Products Company in OhioOhio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, United States. The company was founded by Kent Smith (first President), F. Alex Nason (first Vice-President), Frank A. Nason (first Treasurer), Kelvin Smith (President in 1951), Vincent Smith (first Secretary) and Tommy James (introduced Lubrizol’s first gasoline additive). On September 10, 1929, Lubrizol’s first product, a graphited lubricant
Lubricant
A lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles and of distributing heat...
and applicator marketed under the Lubri-Graph name, was launched. The young company changes its name to The Lubri-Graph Corporation.
In 1931,' The Lubri-Graph Corporation moves to the Cleveland suburb of Wickliffe, Ohio
Wickliffe, Ohio
As of the census of 2000, there are 13,484 people, 5,604 households, 3,754 families residing in the city. The population density is 2,898.2 people per square mile . There are 5,787 housing units at an average density of 1,243.8 per square mile...
. The location will become the company’s corporate headquarters and remains so today. By 1934, sales of Lubri-Zol special motor lubricant begin to soar; the company changes its name yet again, becoming The Lubri-Zol Corporation. (The hyphen is dropped in the 1940s.) Lubri-Zol also establishes Anglamol, Ltd.—later Lubrizol Great Britain, Ltd.—its first affiliate outside the United States and the beginning of its expansion as a global enterprise. Zinc dithiophosphate, Lubri-Zol’s pioneering oxidation and corrosion-inhibiting lubricant additive chemistry is introduced to the market.
In the 1940s, Lubrizol supports the war
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
effort. Government authorities credit Lubrizol with producing more than half of all the engine oil additives and about 80% of all the gear lubricant additives required in Allied military operations. During this time period, Lubrizol researchers develop and introduce the first multipurpose extreme pressure additive for hypoid gears, along with the first fluid additives for automatic transmissions
Automatic transmission
An automatic transmission is one type of motor vehicle transmission that can automatically change gear ratios as the vehicle moves, freeing the driver from having to shift gears manually...
.
By the 1950s, Lubrizol becomes the first company to manufacture lubricant additives in France. In 1957, Lubrizol acquired International Rustproof Corporation, a producer of metal coatings. Lubrizol gained significant technical expertise in coatings technology—expertise that will increase over the years through numerous research and development initiatives.
On August 22, 1966, Lubrizol goes public, with stock offered on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
(NYSE: LZ). Growing concerns about air quality and increasing demand for improved engine performance, lead Lubrizol to re-energize its efforts in fuel additives. As a result, new, multifunctional dispersant
Dispersant
A dispersant or a dispersing agent or a plasticizer or a superplasticizer is either a non-surface active polymer or a surface-active substance added to a suspension, usually a colloid, to improve the separation of particles and to prevent settling or clumping...
gasoline additives are introduced to the marketplace.
Before the 1970s, no one thought about fuel economy
Fuel economy in automobiles
Fuel usage in automobiles refers to the fuel efficiency relationship between distance traveled by an automobile and the amount of fuel consumed....
. That changed with the gas crisis of 1974
1973 oil crisis
The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC proclaimed an oil embargo. This was "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war. It lasted until March 1974. With the...
. Lines at gasoline stations stretched for blocks, and for the first time, Lubrizol turned its attention to additives to improve total vehicle economy. Lubrizol also introduced super high performance diesel oil additives and fuel saving multigrade gear oil
Gear oil
Gear oil is a motor oil made specifically for transmissions, transfer cases, and differentials in automobiles, trucks, and other machinery. It is of a higher viscosity to better protect the gears and usually is associated with a strong sulfur smell. The high viscosity ensures transfer of...
additives.
The 1980s are a decade of technology firsts for Lubrizol. Innovative new additive chemistries are introduced in numerous product areas: passenger motor oils, gear oils, hydraulic fluids and viscosity modifiers. Lubrizol launched high water content fluid microemulsions for use in hydraulics.
In the 1990s, Lubrizol builds on its long-time presence in Asia Pacific by focusing its efforts in China. The company begins to supply lubricant additives in China through its joint venture facilities in Tianjin and Lanzhou. Lubrizol continues to expand its presence in the specialty chemical marketplace by making significant acquisitions in the areas of performance coatings and metalworking. In addition, in 1996, the company acquired CPI Engineering Services, Inc., a formulator of specialty synthetic lubricants used in air and refrigeration compressors
Refrigeration
Refrigeration is a process in which work is done to move heat from one location to another. This work is traditionally done by mechanical work, but can also be done by magnetism, laser or other means...
.
On June 3, 2004, Lubrizol completed the acquisition of Noveon International, Inc.(formerly BF Goodrich Performance Materials), a specialty chemical company with a strong product portfolio in additives and ingredients for the personal care, performance coatings and engineered polymers markets. Noveon was a transformational acquisition that nearly doubled the size of the company and cemented Lubrizol’s position as a global specialty chemical company.
In 2009, Lubrizol overcame the difficulties of the global economic recession to become one of the few chemical companies to produce record earnings. The results from 2009 contributed to Lubrizol being named Company of the Year by Chemical & Engineering News
Chemical & Engineering News
Chemical & Engineering News is a weekly magazine published by the American Chemical Society, providing professional and technical information in the fields of chemistry and chemical engineering...
in January 2010. Later in 2010, Lubrizol expanded its global footprint by breaking ground on a new additive manufacturing plant in Zhuhai
Zhuhai
Zhuhai is a prefecture-level city on the southern coast of Guangdong province in the People's Republic of China. Located in the Pearl River Delta, Zhuhai borders Jiangmen to the northwest, Zhongshan to the north, and Macau to the south. Zhuhai was one of the original Special Economic Zones...
Gaolan, China.
On March 14th, 2011, Berkshire Hathaway
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
Inc. (NYSE: BRK.A, BRK.B) and The Lubrizol Corporation (NYSE: LZ) announced a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction. The transaction, which was unanimously approved by the board of directors of each company, is valued at approximately $9.7 billion, making it one of the largest acquisitions in Berkshire Hathaway history. This transaction was approved by Lubrizol’s shareholders on June 9, 2011. The deal is expected to be finalized in the third quarter of 2011.
On September 16th, 2011, Berkshire Hathaway completed the acquisition of Lubrizol.
Lubrizol Additives Business Segment
The Lubrizol business was built upon the pioneering of lubricant additives designed to improve the performance of fuels and lubricants for transportation and industry. Lubrizol’s Engine oil additives offer an expansive range of applications, from cars to construction equipmentConstruction Equipment
Construction Equipment is a trade publication and web site serving the information needs of construction contractors, materials producers, and other owners and operators of construction equipment....
, motorcycles to marine vessels. They also have a full range of gasoline, diesel and biofuel additives that improve the performance of their customers’ fuels. As the only additive company with a product line for all on- and off-road driveline applications, Lubrizol provides advanced technologies for use in transmission fluids, gear oil and farm tractor fluids. In addition, they offer performance additive packages and component s for a wide range of indus trial lubrication applications.
Engine Oil Additives
Lubrizol engine oil additives are comprehensively designed to protect all types of engines in a variety of operating environments. The breadth of product offering ranges from basic technology suitable for use in older vehicles to the latest OEMOEM
OEM means the original manufacturer of a component for a product, which may be resold by another company.OEM may also refer to:-Computing:* OEM font, or OEM-US, the original character set of the IBM PC, circa 1981...
approved lubricants.
Products and Applications
Heavy Duty Engine Oils: Lubricants used in “on-highway” and “off-highway” heavy-duty vehicle applications are classified as heavy duty engine oils. Additive systems for heavy duty engine oils often need to simultaneously address multiple performance attributes such as high heat/heavy soot, after-treatment devices, fuel economy and wear.Passenger Car Engine Oils: Automotive lubricants used in car and light-duty truck engines are classified as passenger car engine oils, designed for vehicles that operate using gasoline, diesel and alternative fuels.
Marine Engine Oils: Marine diesel engines require unique oils that can address the combustion effects of heavy fuels. Lubrizol has chemistries to formulate oils that meet the requirements of OEMs as well as the demands of ship owners for either 2 or 4 stroke engines.
Other Engine Oils: In addition, Lubrizol formulates a range of products to meet a variety of other performance needs for smaller engines including: motorcycle and recreational vehicle engines, everyday power tools and stationary gas engines.
Fuel Additives and Refinery/Oilfield Products
In 1935, Pocahontas Oil Company introduced its Solvenized Blue Flash gasoline, which effectively cleaned carbon out of engines. Currently, Lubrizol offers a range of gasoline, diesel, biofuelBiofuel
Biofuel is a type of fuel whose energy is derived from biological carbon fixation. Biofuels include fuels derived from biomass conversion, as well as solid biomass, liquid fuels and various biogases...
and residual fuel additives that improve combustion, deposit control, flow and friction. The results are optimal power, performance, engine and equipment life, fuel economy and emissions.
Products and Applications
Gasoline additives: Technologies that allegedly offer the following benefits: improved fuel economy, reduced emissions, restored power, ethanolEthanol
Ethanol, also called ethyl alcohol, pure alcohol, grain alcohol, or drinking alcohol, is a volatile, flammable, colorless liquid. It is a psychoactive drug and one of the oldest recreational drugs. Best known as the type of alcohol found in alcoholic beverages, it is also used in thermometers, as a...
compatibility, engine cleanliness, driveability and reduced friction
Diesel fuel additives: Lubrizol diesel fuel additives are developed as solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s for improved fuel economy, emissions, power restoration, and compatibility with diesel fuel and biodiesel blends.
Biofuel additives: Improving fuel economy, restoring power, and reducing emissions with biofuels are all benefits of biofuels due to biofuel additives
Performance aftermarket products: Highly-engineered products to meet the challenging vehicle needs of performance aftermarket chemicals. Home heating fuel additives: Home heating oils formulated and optimized with Lubrizol additives reduce overall costs to consumers while providing additional benefits like improved stability and corrosion
Corrosion
Corrosion is the disintegration of an engineered material into its constituent atoms due to chemical reactions with its surroundings. In the most common use of the word, this means electrochemical oxidation of metals in reaction with an oxidant such as oxygen...
control.
Industrial fuel additives: Lubrizol products improve the value of residual fuels used in industrial applications. The fuel additive technology provides a range of benefits including improved fuel economy, less equipment downtime and easier maintenance.
Marine fuel additives: Lubrizol’s proprietary fuel additive technology for marine distillate and residual fuel oils offers improved engine performance, fuel economy and reduced lubricant consumption.
Refinery/Oilfield Products: Refineries, oilfield service companies, and refinery service companies count on Lubrizol technologies to perform – enabling them to market and employ advanced solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s for the most complex petroleum challenges.
Driveline Additives
Lubrizol is the only additive company with a product line that covers all on- and off-road driveline applications. They offer transmission fluid, gear oil and farm tractor fluid technologies to ensure equipment runs better and lasts longer.Products and Applications
Lubrizol’s automatic transmission fluid additive technology is used in transmissions for passenger cars, commercial vehicles, off-road vehicles and non-transmission applications, such as power steeringPower steering
Power steering helps drivers steer vehicles by augmenting steering effort of the steering wheel.Hydraulic or electric actuators add controlled energy to the steering mechanism, so the driver needs to provide only modest effort regardless of conditions. Power steering helps considerably when a...
, small hydraulic pumps and farm equipment. Their technologies control sludge
Sludge
Sludge refers to the residual, semi-solid material left from industrial wastewater, or sewage treatment processes. It can also refer to the settled suspension obtained from conventional drinking water treatment, and numerous other industrial processes...
and varnish; prevent rust and corrosion; prevent fluid leakage; and protect gears, clutch plates, bushings and other metal parts.
Lubrizol’s gear oil additive technology has applications in passenger cars, trucks and heavy equipment. Lubrizol’s Anglamol® gear oil additive packages focus on friction reduction, heat removal and extreme pressure anti wear additives to prevent wear, pitting, spalling, scoring, scuffing and other types of distress that can result in equipment failure and downtime.
Lubrizol’s off-highway lubricant additives are used in fluids that lubricate transmissions, final drives, wet brakes, transmission clutches and hydraulic systems, typically from a common fluid reservoir on the vehicle. Off-highway lubricants are used in both on and off-highway commercial transmissions, high-pressure hydraulic systems, and construction, mining, agricultural and forestry equipment.
Industrial Additives
Lubrizol offers performance additive packages and components for a wide range of industrial lubrication applications. Their additive technology helps to protect hydraulic systems, industrial gears, bearingsBearing (mechanical)
A bearing is a device to allow constrained relative motion between two or more parts, typically rotation or linear movement. Bearings may be classified broadly according to the motions they allow and according to their principle of operation as well as by the directions of applied loads they can...
, turbines and metalworking
Metalworking
Metalworking is the process of working with metals to create individual parts, assemblies, or large scale structures. The term covers a wide range of work from large ships and bridges to precise engine parts and delicate jewelry. It therefore includes a correspondingly wide range of skills,...
tools and parts.
Products and Applications
Additives for greases: Lubrizol supplies additive packages and key components that can be formulated into customers’ finished greases.Hydraulic Additives: Lubrizol’s hydraulic additives protect hydraulic equipment used in automotive plants, injection molding
Injection molding
Injection molding is a manufacturing process for producing parts from both thermoplastic and thermosetting plastic materials. Material is fed into a heated barrel, mixed, and forced into a mold cavity where it cools and hardens to the configuration of the cavity...
, agricultural equipment, textile plants, industrial robotics, steel mills, material handling, forestry and off-road vehicles.
Industrial gear oil additives: Lubrizol supplies advanced gear oil technology that helps to improve the efficiency and durability of industrial equipment. Industrial gear oils are used across the industrial market in a number of applications including wind turbines, paper, textile and steel mills, mining and forestry.
Lubrizol’s metalworking additives improve metalworking fluids used in the cutting, rolling, stamping and milling of metal.
Lubrizol Advanced Materials Business Segment
With an impressive history extending back to the 1870s (formerly BFGoodrichBFGoodrich
BFGoodrich is an American brand of tires. Separated from the Goodrich company and now owned by Michelin.Some Michelin competition tyres are now branded BFGoodrich to increase brand awareness....
Performance Materials), Lubrizol Advanced Materials is a leading global producer of advanced specialty polymers, polymer-based additives and chemical additives. Used in everyday consumer and industrial applications, their additives and ingredients can be found in anything from personal care products to pharmaceuticals, plastics technology to performance coatings.
Estane® Engineered Polymers
Estane® TPUs bridge the gap between flexible rubber and rigid plastics. Unlike other thermoplastic elastomers, Estane TPU provides numerous physical property combinations, making it an extremely flexible material adaptable to numerous uses. Lubrizol also manufactures medical grade TPUs under the name of Thermedics™ Polymer Products, which are used in custom medical tubing.Recognized brand names include: Estane TPU, an elastomeric material that bridges the gap between flexible rubber and rigid plastics; Isoplast ETPU, engineered thermoplastic polyurethane resin; Carbothane TPU, a medical grade aliphatic, polycarbonate-based thermoplastic polyurethane; Stat-Rite Static Control Systems, inherently static dissipative material with permanent ESD protective and prevention properties; Carbo-Rite Carbon Alloy Systems; a carbon filled conductive polymer
Conductive polymer
Conductive polymers or, more precisely, intrinsically conducting polymers are organic polymers that conduct electricity. Such compounds may have metallic conductivity or can be semiconductors. The biggest advantage of conductive polymers is their processability, mainly by dispersion. Conductive...
that can be used for thermoforming or injection molding applications; Electro-Rite Conductive Coating Systems, inherently conductive polymer-coated sheets for effective electro static dissipative (ESD) protection on thermoformed trays
Products and Applications
This global business supplies specialty ingredients to the following markets:Building and Construction
- House Wrap
- Roof Under Layer
- Automotive
- Technology
Electronics
- Processing Parts
- Electronic Packaging
- Electronic Components
Industrial
- Energy
- Construction
- Protective Equipment
- Food
- Agriculture
- Industrial Equipment
Medical
- Vascular Access
- Cardiac Assist
- UrologyUrologyUrology is the medical and surgical specialty that focuses on the urinary tracts of males and females, and on the reproductive system of males. Medical professionals specializing in the field of urology are called urologists and are trained to diagnose, treat, and manage patients with urological...
- Neurovascular
- GastroenterologyGastroenterologyGastroenterology is the branch of medicine whereby the digestive system and its disorders are studied. The name is a combination of three Ancient Greek words gaster , enteron , and logos...
- OrthopedicsOrthopedicsOrthopedics is the study of the musculoskeletal system. The Greek word 'ortho' means straight or correct and 'pedics' comes from the Greek 'pais' meaning children. For many centuries, orthopedists have been involved in the treatment of crippled children...
- Wound Care
- IV Therapy
- OrthodonticsOrthodonticsOrthodontics, orthodontia, or orthodonture is the first specialty of dentistry that is concerned with the study and treatment of malocclusions , which may be a result of tooth irregularity, disproportionate jaw relationships, or both...
Sports & Recreation
- Footwear
- Apparel
- Recreational Goods
Transportation
- Passenger Cars
- Commercial Vehicles
- Aerospace
- Marine
- Locomotive
TempRite Engineered Polymers
Lubrizol is the world leader in chlorinated polyvinyl chlorideChlorinated polyvinyl chloride
Chlorinated Polyvinyl chlorideDensity1.56 g/cm3Young's modulus 2.9-3.4 GPaTensile strength50-80 MPaElongation @ break20-40%Notch test2-5 kJ/m2Glass temperature 106 - 115 °CMelting point212 °CVicat B106 to 115 °C...
(CPVC) resins and compounds. Their heat-resistant and low combustibility CPVC specialty plastics have applications in fire sprinkler systems, plumbing systems
Water pipe
Water pipes are pipes or tubes, frequently made of polyvinyl chloride , ductile iron, steel, cast iron, polypropylene, polyethylene, or copper, that carry pressurized and treated fresh water to buildings , as well as inside the building.-History:For many centuries, lead was the favoured material...
and industrial piping. Today, Lubrizol CPVC compounds are also found in products as diverse as exterior building materials (such as exterior cladding
Cladding (construction)
Cladding is the application of one material over another to provide a skin or layer intended to control the infiltration of weather elements, or for aesthetic purposes....
and fencing
Fence
A fence is a freestanding structure designed to restrict or prevent movement across a boundary. It is generally distinguished from a wall by the lightness of its construction: a wall is usually restricted to such barriers made from solid brick or concrete, blocking vision as well as passage .Fences...
), industrial systems and even aircraft interiors.
Recognized brand names include: FlowGuard Gold; Blazemaster; Corzan and Corzan HP; FlowGuard Bendable and TempRite CPVC Material Solutions
Products and Applications
This global business supplies specialty ingredients used in the following applications:Pipe and fittings
Piping and plumbing fittings
Fittings are used in pipe and plumbing systems to connect straight pipe or tubing sections, to adapt to different sizes or shapes, and for other purposes, such as regulating or measuring fluid flow...
for industrial piping systems and residential and commercial water distribution systems
Fire sprinkler systems for multi-family, commercial and residential applications
Specialty CPVC compounds for use in airplane interiors, window lineals, fencing, exterior cladding and decking
Noveon Consumer Specialties
Noveon Consumer Specialties offers a versatile line of ingredients that have a long history of successful use in personal care, home care, pharmaceutical and food formulations. Their specialty ingredients enhance the rheologyRheology
Rheology is the study of the flow of matter, primarily in the liquid state, but also as 'soft solids' or solids under conditions in which they respond with plastic flow rather than deforming elastically in response to an applied force....
, sensorial appeal and overall aesthetics of formulations.
Household, Institutional and Industrial (HI&I) ingredients add value to product formulations, economically, through increased performance and enhanced applications. Their materials improve overall product functionality and product delivery. Their high performance pharmaceutical ingredients are used in both prescription and over-the-counter products. The ingredients impart valuable functional benefits to finished drug products such as controlling drug release from tablets and improving flow properties in semisolid and liquid formulations. Lubrizol is also a global supplier of food ingredients that are suitable as natural texturizers for a variety of applications including ice cream, dairy, meat, and canned pet food.
Recognized brand names include: Carbopol polymers, the industry standard in rheology modification, stabilization and suspension, naturally derived methyl glucoside derivatives such as Glucamate thickeners and emulsifiers, Glucam and Glucquat humectants, and Glucate emulsifiers, Fixate styling polymers, sensory modifiers like Schercemol and Hydramol esters, SilSense specialty silicones and lanolin derivatives, Chembetaine and Sulfochem surfactants and performance blends, Diagum hydrocolloids and Novethix L-10 polymers for HI & I applications.
Products and Applications
This global business supplies specialty ingredients to the following markets:Personal Care
- Hair care
- Hair styling
- Personal cleansing
- Skin care
- Sun care
- Color cosmetics
Household, Institutional and Industrial
- Hard Surface Cleaners
- Fabric Care
- Auto Cleaning Care
- Dish Care
- Thickened Deicing Systems
- Alkaline Batteries
Pharmaceuticals
- Tablets and capsules
- Gels, lotions, creams
- Oral liquids
- Bulk laxatives
- Bioadhesive formulations
- Toothpaste
Food
- Cheese and other dairy products
- Meat products
- Wet pet food
Performance Coatings
The performance coatings product line supplies a bunch of products designed to meet a broad range of challenges. This product line specializes in the resins and polymers that bind the system together as well as the specialty additives that enhance performance.Recognized brand names include: Lanco; Solsperse hyperdispersants used in surface coatings to improve pigment dispersion and to reduce interparticulate attraction within that dispersion; Carbosperse used in a variety of industrial applications, including water treatment, paint and coatings, textiles, and agricultural formulations
Products and Applications
Paints, Coatings and Adhesives- Wood
- OEM metal and plastics
- Masonry
- General industrial
- Pressure sensitive
- Maskants
Graphic Arts
- Functional coatings
- Resilient flooring
- Digital and ink jet
- Energy curable
Engineered Substrates (textiles, specialty papers and nonwovens)
- Digital print
- Filtration media
- Military fabrics
- Construction/fiberglass
Responsible Care Management System
Lubrizol is a member of the American Chemistry CouncilAmerican Chemistry Council
The American Chemistry Council , formerly known as the Manufacturing Chemists' Association and then as the Chemical Manufacturers' Association , is an industry trade association for American chemical companies, based in Washington, D.C.-Activities:The mission of the American Chemistry Council is...
(ACC) and, as a member, they subscribe to the principles of Responsible Care. The ACC created the Responsible Care Management System (RCMS), which requires third-party certification of Health, Safety, Environmental and Security (HSES) management systems across all business activities.
Their ACC membership requires that they utilize third parties to certify a sample of four U.S. sites, as well as the corporate headquarters, to the RCMS or RC14001 technical specification every three years. They have far surpassed this requirement and between 2008 and 2010 have certified all 20 U.S. manufacturing facilities and corporate headquarters.
Product Safety
As customers put Lubrizol’s products into their final products and eventually on shelves, they need to be tested for safety. Likewise, government regulation and customers require that Lubrizol products be checked to make sure they are in compliance with global chemical control laws. They have a product compliance management system , Vision, in place to implement best practices. The Vision system gives us the ability to enhance their global regulatory com pliance and hazard communication services for customers, employees and the communities where they do business.REACH, the Registration, Evaluation, Authorization and Restriction of Chemicals, is Europe’s newest compliance regulatio n. It requires manufacturers and importers to generate data for at least 30,000 substances in Euro pean commerce. To support REACH, Lubrizol has completed the pre-registration phase of all eligible substances and has assembled a cross-functiona l REACH Go vernance Council to manage all current and future aspects of this far-reaching legislation. Currently they are:
- Communicating with customers and suppliers in Lubrizol’s supply chain to ensure all needed end-uses are captured for registration purposes.
- Compiling hazard data and exposure information in order to complete registration dossiers for those substances to be registered by December 2010, working with other potential re gistrants wherever necessary.
- Developing a sophisticated rules-based IT system to provide a single location to store a ll information related to REACH compliance and to ensure all supply chain related functions in the Corporat ion factor REACH requirements into their daily decision making.
- Preparing to initiate act iv ity on those substances to be registered by June 2013