Lubrizol

The Lubrizol Corporation, a Berkshire Hathaway company, is a specialty chemical company that produces and supplies technologies, which are designed to improve the quality and performance of products in the global transportation, industrial and consumer markets. Headquartered in Wickliffe, Ohio, United States, Lubrizol holds a base of approximately 1,600 patents as of October 2011. Lubrizol operates production facilities in 19 countries, with sales and technical offices throughout the world, through the efforts of more than 6,900 individuals. Lubrizol sells more than 12,000 products in over 100 countries. The company has two major business segments: Lubrizol Additives (LZA), a leading global supplier of fuel and lubricant additives for transportation and industrial applications; and Lubrizol Advanced Materials (LZAM), a leading global producer of advanced specialty polymers, polymer-based additives and chemical additives for a broad range of consumer and industrial applications. The Lubrizol Corporation is on Fortune magazine’s list of the 500 largest companies in the U.S. Based on 2010 revenues, Lubrizol moved up in the ranking order to 423 from 453 the previous year. On the basis of 2010 profitability metrics, total shareholder return (TSR) and earnings per share growth, Lubrizol was the top performing company among the 16 chemical companies that are on the Fortune 500. Lubrizol also moved up in the ranking order in the Forbes magazine’s Global 2000 to 1,220 from 1,249 the previous year. The company ranked number 20 globally in their industry sector of specialty chemicals. Unlike the Fortune 500, which is a ranking solely on 2010 revenues, the Forbes Global 2000 ranking is based on a combination of revenues, net income, assets and market value.