(BRK.A), (BRK.B)
Berkshire Hathaway’s Lubrizol is expanding operations at its Avon Lake, Ohio, facility to double the production capacity of its Solsperse™ Hyperdispersants. These hyperdispersants, essential for pigment dispersant performance in coatings and inks, have been produced at the facility since 2014. This latest investment marks the next phase in Lubrizol’s continued capacity growth at Avon Lake, with plans for further expansion in 2025.
By boosting local production, Lubrizol aims to better serve its North American customers, improve supply chain efficiency, and reduce the carbon footprint associated with long-distance transportation. “Production in North America for North America enables faster response times and reduces transportation needs,” said Luis Carthery, Senior Director of Performance Coatings at Lubrizol.
This expansion underscores Lubrizol’s commitment to supporting the coatings market in North America. Earlier this year, the company announced a $20 million investment to expand capacity at its Gastonia, North Carolina, facility for acrylic emulsion technologies. These strategic investments reflect the company’s dedication to helping customers meet both growth and sustainability targets.
“Our investments solidify our commitment to our customers as partners in progress,” said Marco Fay, Vice President of Performance Coatings at Lubrizol. “We are helping them bring new coating innovations to life, from sustainable dispersants to high-performing additives for industrial coatings.”
© 2024 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 a 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.