Page 38 - Plastics News September 2017

BUSINESS NEWS

Lubrizol invests $10 million to expand medical silicone contract

manufacturing

n the heels of an announcement earlier this summer establish separate Class 7 and 8 cleanroom space for the
Othat it will invest $60 million in its global life sciences production of implants and drug-eluting devices. Lubrizol
facilities, Lubrizol Corp. (Wickliffe, OH) announced LifeSciences provides medical device and pharmaceutical
this week that it is investing $10 million to expand its companies with a broad portfolio of products and services.
silicone contract manufacturing site in Franklin, WI. The
investment will add 71,000 square feet of space to the
Haitian sales up 30 percent to
$756 million

aitian International Holdings Ltd., China’s biggest
Hmaker of injection molding equipment, saw sales
jump 30.5 percent to 5.037 billion yuan ($756 million)
in the fi rst half of the year, on what it called a “mild
recovery” in the global economy and strong demand
in China.Gross profi t for the period, which ended June
30, climbed 34.2 percent to 1.318 billion yuan ($197.8
million). It said domestic sales rose 29.2 percent to
existing 126,000 square foot operation. Vesta, which
3.541 billion yuan ($531.4 million) while exports
was acquired by Lubrizol in 2014, previously doubled
climbed 33.6 percent to 1.392 billion yuan ($208.9
its footprint at this location in 2010. "This new space
million). The company said sales of its all-electric
covers immediate short-term needs, but also provides
Zhafi r machines leaped 53.1 percent to 521 million
room for growth in the future,” said Mark Stuart, General
yuan ($78.2 million), while sales of Haitian’s big, two-
Manager, Vesta. “Customers can feel comfortable that we
platen Jupiter series jumped 38.1 percent to 629.8
are able to handle both their current projects, as well
million yuan ($94.52 million). The company’s bread-
as a signifi cant increase in their future business efforts.
and-butter Mars
Companies looking for a world-class, effi cient contract
series saw sales
manufacturing partner can choose us knowing that we are
rise 31.3 percent to
a sustainable partner for their long term growth.
3.527 billion yuan
"The current expansion supports the life sciences ($529.4 million).
business’s long-term growth strategy to provide high- The interim fi gures
quality manufacturing for silicone implants and fi nished mark in part a
medical devices, said Lubrizol "When customers partner return to Haitian’s
with Lubrizol LifeSciences, they benefi t from working stronger growth
with us at every stage in their development process," said of previous years.
Uwe Winzen, General Manager, Lubrizol LifeSciences, in Sales for the six
a prepared statement. "With a long history of polymer months ending
expertise combined with recent investments, Lubrizol June 30, 2016 was
LifeSciences is positioned to offer full-service development 3.86 billion yuan ($580 million), up a scant 0.3 percent
for the next generation of medical devices, as well as long- from the fi rst six months of 2015. It said stronger
term implantable and drug-eluting device innovations." corporate investment in China that resumed in late
The expansion will benefi t product development, cellular 2016 continued in the fi rst half of the year, and it it
manufacturing and high-effi ciency production lines, and saw a number of positive signs in global markets.

Plastics News | September 2017 38