The Lubrizol Corporation has announced plans to expand its presence in China by investing approximately $40 million to build a facility in Songjiang, just outside of Shanghai.

The new facility will include manufacturing, commercial and technical capabilities. It will be built on approximately 31,000 square meters of recently acquired land adjacent to the company’s existing Estane TPU (thermoplastic polyurethane) plant in the Songjiang industrial zone. The company expects to begin construction in the third quarter 2007, and to complete it in the fourth quarter 2008.

Products initially slated for production at the site are primarily resins, polymers and specialty additives used in coatings for paint, wood, plastic, metal and textiles.