(BRK.A), (BRK.B)
Despite U.S. and China tensions being much in the news, it is not slowing down Berkshire Hathaway’s wholly-owned companies from expanding their manufacturing capacity in China.
Berkshire’s Lubrizol Corporation has opened a new thermoplastic polyurethane (TPU) production line at its Songjiang manufacturing site in Shanghai.
According to a company statement, this move is another milestone of Lubrizol Engineered Polymers’ investment in Asia Pacific, expanding the company’s TPU production capacity and strengthening regional business support.
The new line will provide additional TPU production capability for Lubrizol Engineered Polymers, including the ESTANE® TPU portfolio, meeting increasing demands from various markets such as automotive, footwear and electronics.
“The launch of our new TPU line showcases our strong confidence in this market,” said Jane Cai, senior business director APAC of Lubrizol Engineering Polymers. “We are continually investing in production capacity, product development and innovation in Asia, helping us collaborate with our customers, understand their diverse needs and provide tailored solutions that differentiate their products in the market.”
ESTANE TPUs not only improve performance and aesthetics of finished products, but also ultimately help our customers achieve their sustainability goals. In early 2022, Lubrizol’s Songjiang site was certificated by the International Sustainability Carbon Certification (ISCC Plus). The operation of the new TPU line will comply with the requirements to produce ISCC-certified TPUs and signifies the company’s responsible production to reduce environmental impact.
“Sustainability is a critical part of our business’ strategy,” stated Arnau Pano, vice president and general manager, Lubrizol Engineered Polymers. “As a material solutions provider, Lubrizol Engineered Polymers is dedicated to sustainability and delivering innovative and unique products to our end use markets.”
Lubrizol owns and operates more than 100 manufacturing facilities, sales and technical offices around the world, and has approximately 8,600 employees.
© 2022 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.