FOR IMMEDIATE RELEASE

March 2008


Contact:
Dawn Duncan
216-447-6488
dawn.duncan@lubrizol.com

 

Lubrizol Specialty Chemicals – Asia Pacific Announces
Price Increases for Estane® Thermoplastic Polyurethanes
 

CLEVELAND, OH and SHANGHAI, CHINA – March, 25, 2008 – Lubrizol Specialty Chemicals Co., Ltd. a subsidiary of The Lubrizol Corporation (NYSE: LZ), has announced that it is increasing prices for all Estane® Thermoplastic Polyurethanes (TPUs) by 1.5 RMB to China and by $0.20 USD per kilogram for the Asia Pacific region outside China. This increase includes the following product lines: Estane®, Estaloc®, and EstaGrip®. All increases will be effective May 1, 2008 or as contract allows. The price adjustments on all Estane TPUs in the Asia Pacific region are being driven by recent increases in raw material costs

The Lubrizol Corporation is one of the world’s leading specialty chemical companies that provides advanced chemical formulations designed to meet the specific needs in the global transportation, industrial and consumer markets.

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Estane®, Estaloc® and EstaGrip® are registered trademarks of The Lubrizol Corporation.

The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and supplies technologies that improve the quality and performance of our customers' products in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives. Lubrizol’s industry-leading technologies in additives, ingredients and compounds enhance the quality, performance and value of customers’ products, while reducing their environmental impact.

With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing facilities in 19 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 6,800 employees worldwide. Revenues for 2006 were $4.0 billion. For more information, visit www.lubrizol.com.

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