(BRK.A), (BRK.B)
Berkshire Hathaway’s Lubrizol Corporation will invest more than $25 million in its Calvert City, Kentucky manufacturing facility.
The investment will enable the company to meet increasing customer demand, and comes after a recent $10 million expansion at the site to further improve the company’s safety management standards and create a world class quality laboratory.
The facility specializes in the production of Carbopol® polymers and Pemulen(TM) polymeric emulsifiers. These polymers are used in consumer goods for the personal care, home care, and pharmaceutical markets. This expansion will include advanced, proprietary process technology that will allow the Calvert City facility to continue to provide Lubrizol’s partners with high quality products.
“In response to increasing market demand, this investment will enable us to expand production capacity and update our infrastructure at our Calvert City facility while continuously improving safety and quality,” states Deb Langer, senior vice president and general manager of Lubrizol Personal, Home and Healthcare. “The expansion is critical in allowing our team to continue to provide dedicated service and support to our global partners.”
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.