The Lubrizol Corporation, Wickliffe, OH, has announced plans to close its manufacturing facility in Bromborough, England. The facility produces additives for fuels and engine oil lubricants and specialty monomers. Production phase-out is planned to begin in the second quarter of 2005 and is expected to be complete by late 2006. During the phase-out period, UK production will be transferred to higher capacity facilities in France and Texas.
“This move is consistent with Lubrizol’s strategy of optimizing our manufacturing infrastructure to lower our cost structure while simultaneously improving our service capabilities for valued customers,” commented James L. Hambrick, president and chief executive officer. “We expect the UK facility closure and transfer of production to more efficient manufacturing locations to ultimately generate annual cost savings of $10 million by 2007.”