The Lubrizol Corp. has grown its presence in Asia by opening an Innovation Centre in Singapore. The opening ceremony for the new laboratory facility marks yet another milestone in support of Lubrizol Advanced Materials' robust growth in the region.
"With some of the fastest growing economies today centered in Asia, Lubrizol is proud to have taken yet another step forward in our commitment to this region," says Robert Graf, PhD, corporate VP of R&D for the company. "As an organization, we take great pride in setting the benchmark for the product innovation and technical capabilities that our global customers have come to expect from Lubrizol. The opening of our new Innovation Centre here in Singapore is a testament to our belief in Asia's growth potential and our commitment to extend our innovations and technical expertise to our customers here in Asia."
The new Innovation Centre is home to application development and technical service for the personal care, home care and performance coatings businesses in Asia. Personal and home care technical support covers the areas of skin care, hair care, bath and shower, as well as home care applications. The performance coatings business will use the Innovation Center to build technology development and predictive application testing capabilities in the region for a host of application areas that include metal, wood, composites, masonry, paper, textiles and packaging.
"As we continue to increase our focus on the personal care, home care and performance coatings markets, we are delighted to reinforce our strategic presence in Singapore, one of the world's leading chemical hubs," says Mr. Bernard Wong, VP of Asia Pacific for Lubrizol Advanced Materials, Inc. "In setting up our new Innovation Centre here, we will enhance our ability to respond more quickly to market demands and emerging trends in Asia. More importantly, we will also provide the much needed leverage that can help our customers extend their global reach and improve our operational efficiency collectively in this important growth region."
"Lubrizol's new Innovation Centre is an exciting addition to Singapore's R&D ecosystem. To meet the demands of the Asian consumer, companies will have to develop solutions together with their business partners and customers. Singapore's diverse industrial base, such as the consumer and personal care industry, provides opportunities for Lubrizol to co-innovate with their customers here. The growth of specialties builds on the capabilities and talent that Singapore has developed in the energy and chemicals industry, and this will add to the robustness of the sector and extend our leadership," added Eugene Leong, director of Energy and Chemicals, Economic Development Board of Singapore.