60751--2/28/2008--LUBRIZOL

related topics

{operation, international, foreign}

{operation, natural, condition}

{cost, operation, labor}

{condition, economic, financial}

{debt, indebtedness, cash}

{cost, regulation, environmental}

{system, service, information}

{property, intellectual, protect}

{capital, credit, financial}

{product, market, service}

{competitive, industry, competition}

We face competition from other chemical companies, which could adversely affect our business, financial condition and consolidated results of operations. Failure to make continued improvements in our technology and productivity could hurt our competitive position. Our and our suppliers production facilities are subject to operating risks that could affect adversely our operations. Some of our businesses are cyclical and demand by our customers for our products weakens during economic downturns. Failure to implement our common information system platform successfully could impact negatively our ability to conduct business in our Lubrizol Advanced Materials segment. We face numerous risks relating to our foreign operations, including exchange rate fluctuations, exchange controls and currency devaluations, that may affect adversely our results of operations. International social, political and economic conditions could affect adversely our operating performance. Our production facilities are of the type that could attract terrorist attacks, and any attack could disrupt our operations and cause us to incur significant costs and liabilities. The applicability of numerous environmental laws to our manufacturing facilities could cause us to incur significant costs and liabilities. If we are unable to protect our intellectual property rights, our product sales and financial performance could be affected adversely. Some of our employees are covered by collective bargaining agreements, and the failure to renew these agreements could result in labor disruptions and increased labor costs. The limits imposed on us by the restrictive covenants contained in our credit facilities could prevent us from making acquisitions or capital improvements or cause us to lose access to these facilities, and if we are unable to obtain necessary waivers and our debt is accelerated, our financial condition could be affected adversely. We may not have access to capital in the future.

Full 10-K form ▸

60751--2/28/2008--LUBRIZOL_CORP