Lubrizol to increase thermoplastic polyurethane production capacity
Further investments in debottlenecking and greenfield projects will more than triple capacity over the next three years to meet growing demand of paint protection films market
Lubrizol has announced the next phase of its staged, multi-million dollar investment in thermoplastic polyurethane (TPU) capacity and capabilities to serve the rapidly growing global Paint Protection Films (PPF) market. This comes on top of investments of over $20 million over the last three years in capacity, application and testing capabilities, and market insights.
The new investments will further optimize the global manufacturing footprint to support expected growth and innovation in the PPF market, with progressive capacity increases through debottlenecking and greenfield investments that will more than triple capacity over the next three years.
“We will continue to make the necessary investments in our facilities, capabilities and people to support the dynamic growth of our strategic customers and partners, aligned with our focus on surface protection”, said Arnau Pano, vice president and general manager of Engineered Polymers for Lubrizol.
“The PPF market shows continued strong growth across the globe, driven by increased consumer awareness and the desire to protect vehicles surfaces and maintain premium aesthetics,” said Viviana Wilson, global director industrial marketing of ESTANE Engineered Polymers for Lubrizol. “Consumer preferences in PPF are well aligned with the long-lasting performance and protection enabled by the use of ESTANE TPU from Lubrizol. Across the world, we’re channeling our resources and capabilities to help end-users benefit from high performance surface protection solutions.”