Lubrizol cuts 2008 guidance, citing reduced demand
Lubrizol Corp., a specialty chemical manufacturer, cut its 2008 profit guidance Friday, citing reduced demand in the weakening economy, and will report pretax restructuring and impairment charges for 2008.
Lubrizol Corp. said Tuesday it will transfer or exit some of its performance coatings product lines and market applications where it does not see :'significant opportunity to grow the business profitably.