SHANGHAI--(BUSINESS WIRE)--Nov 24, 2025--
Lubrizol, a global leader in specialty chemicals, today hosted its first Asia-Pacific Innovation Summit in Shanghai. The event brought together more than 150 industry leaders, technical experts, and strategic partners to explore emerging trends in material science, discuss innovation-driven collaboration, and define new pathways for sustainable industry growth.
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As industries undergo structural transformation and sustainability becomes a defining priority, market demand is becoming more diversified than ever. This evolution is driving a fundamental shift in innovation—from being primarily technology-led to being value and impact-driven and collaboration-focused. Material science, once centered solely on technical breakthroughs, is now a strategic enabler linking innovation and application, creating tangible value across industries.
“Diversified and rapidly evolving market demands are reshaping traditional industry models, propelling us toward an era of collaborative growth and value co-creation,” said Henry Liu, Vice President, Lubrizol Asia Pacific. “Asia-Pacific, with its diverse markets, fast-paced innovation, and rich application scenarios, offers fertile ground for material science breakthroughs.”
He further elaborated on Lubrizol’s innovation vision: “Lubrizol remains deeply committed to a strategy that combines global perspective with strong local engagement. With an open and agile mindset, we position ourselves as a co-creator within the innovation ecosystem—placing market needs at the core. By building a complete ‘R&D–manufacturing–co-creation’ loop, we aim to accelerate the transformation of ideas into tangible value, helping our partners achieve growth and breakthroughs across dynamic market cycles. Ultimately, our Asia-Pacific innovation centers serve as bridges—localizing global technologies while transforming regional insights into globally relevant solutions, realizing the value transformation from regional innovation to global application.”
Lubrizol recently launched its Southeast Asia Innovation Center in Singapore and unveiled a new office in Jakarta. It is also actively expanding local production capacity for medical-grade thermoplastic polyurethane (TPU) in Shanghai, further strengthening regional collaboration, innovation, and production capabilities.
Breakthrough Technologies Make Their Asia-Pacific Debut
The summit marked the regional debut of several pioneering technologies, underscoring Lubrizol’s commitment to improving lives and enabling sustainable progress through material innovation.
1. Advanced Additive Solutions for Next-Generation Mobility
Lubrizol introduced a comprehensive package of additive technologies designed to meet the demands of China VII regulations of commercial vehicles and the ongoing electrification requirement of passenger vehicles.
2. Innovative and Sustainable Packaging Coating Material
3. Biotech Skincare Breakthrough – Lectroglaze™ biotech ingredient
4. Next-Generation Foam Technology for Sustainable Footwear
Throughout the summit, participants engaged in discussing breakthrough innovations and built a strong foundation for turning visionary ideas into concrete actions. Leveraging this momentum, Lubrizol reaffirmed its commitment to the Asia-Pacific region, deepening local partnerships and fostering a collaborative innovation ecosystem to drive the industry toward a more sustainable future.
About The Lubrizol Corporation
Lubrizol, a Berkshire Hathaway company, is a science-based company whose specialty chemistry delivers sustainable solutions to advance mobility, improve well-being and enhance modern life. Every day, the innovators of Lubrizol strive to create extraordinary value for customers at the intersection of science, market needs and business success, driving discovery and creating breakthrough solutions that enhance life and make the world work better. Founded in 1928, Lubrizol has global reach and local presence, with more than 100 manufacturing facilities, sales and technical offices and more than 7,000 employees around the world. For more information, visit www.Lubrizol.com.
As industries undergo structural transformation and sustainability becomes a defining priority, market demand is becoming more diversified than ever.
NEW YORK (AP) — Stocks are rushing higher worldwide, and oil prices are easing Wednesday as hopes build that the war with Iran could end soon. That's even though some of the signals investors saw as hopeful are already under dispute, and several prior bouts of optimism in financial markets quickly got undercut by continued, fierce fighting in the war.
The S&P 500 rallied 0.9% and added to its leap from the day before, which was its best since last spring. That followed even bigger gains for stock markets across Europe and Asia, including an 8.4% surge in South Korea, which were catching up to Wall Street’s rally from Tuesday.
The Dow Jones Industrial Average was up 294 points, or 0.6%, as of 2:08 p.m. Eastern time, and the Nasdaq composite was 1.3% higher.
Oil prices also fell back toward $100 per barrel after President Donald Trump said late Tuesday that the U.S. military could end its offensive in two to three weeks.
That added to optimism following a couple tenuous signals of hope from earlier Tuesday that Wall Street latched onto, including a news report quoting Iran’s president as saying that it has “the necessary will to end the war” as long as certain requirements are met, including “guarantees to prevent a recurrence of aggression.”
The worry on Wall Street has been that the war may last a long time and keep oil and natural gas from the Persian Gulf out of global markets, which could create a brutal blast of inflation.
But hope has been quick to reverse to doubt on Wall Street, triggering manic swings back and forth for financial markets since the war with Iran began. Trump has also made statements that lifted markets, only to see the gains quickly disappear after increasing his military threats.
Shortly before Wall Street began trading on Wednesday, Trump claimed in a post on his social media network that Iran “has just asked the United States of America for a CEASEFIRE!”
“We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!”
But Iran’s Foreign Ministry spokesman, Esmail Baghaei, quickly called that claim “false and baseless,” according to a report on Iranian state television.
Oil prices also remain high, even if they’ve eased recently. The price for a barrel of Brent crude oil, the international standard, was sitting at $101.51 following its declines, which is still up from roughly $70 before the war began.
U.S. gasoline prices rose again overnight to a national average of $4.06 per gallon, according to the auto club AAA.
Iran, meanwhile, hit an oil tanker off the coast of Qatar and Kuwait’s airport on Wednesday while airstrikes battered Tehran as the fighting continued. Iran also continues to hold a grip on the Strait of Hormuz, where a fifth of the world’s traded oil passes during peacetime.
“De-escalation hopes have given markets a lift, but we think the effects of the war would, in many cases, persist even if the war did end soon,” Thomas Mathews, head of markets, Asia Pacific at Capital Economics, said in a research note Wednesday.
“It’s worth thinking through how markets might fare if the war were to end ‘very soon,’” he wrote. “Do markets have further to recover if sentiment continues to improve? The answer is almost certainly yes.”
The White House said Trump will deliver a public address Wednesday evening on the Iran war.
On Wall Street, most stocks rose as Big Tech powered the move higher. Gains of 3.8% for Alphabet and 0.8% for Nvidia were two of the strongest forces lifting the S&P 500.
Eli Lilly climbed 5.1% after U.S. regulators approved its GLP-1 pill for weight loss.
Such gains have pulled the S&P 500, which sits at the heart of many 401(k) accounts, back to within 5.6% of its all-time high set early this year. Just on Monday, the index briefly neared a 10% drop from its record, a steep-enough fall that professional investors have a name for it: a “correction.”
Nike sank 14.5% even though it reported a stronger profit for the latest quarter than expected. Analysts said it gave some lackluster financial forecasts.
Hasbro fell 4.8% after the toy company found someone had gained unauthorized access to its computer network and is working to assess the full impact.
Energy companies fell broadly as oil prices eased. Exxon Mobil slumped 5% and Chevron fell 4.9%.
In stock markets abroad, indexes leaped more than 2% in France and Germany. Asian markets had even bigger gains.
Tokyo’s Nikkei 225 jumped 5.2% after a survey showed business sentiment for major Japanese manufacturers improved despite worries about the Iran war.
In the bond market, Treasury yields held relatively steady after a report said U.S. retailers made more money in February than economists expected. A separate report said U.S. manufacturing growth last month was slightly faster than economists expected.
The 10-year Treasury yield rose to 4.32% from 4.30% late Tuesday.
AP Business Writers Chan Ho-him and Matt Ott contributed.
James Conti works on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)
Philip Finale works on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 1, 2026. (AP Photo/Ahn Young-joon)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 1, 2026. (AP Photo/Ahn Young-joon)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 1, 2026. (AP Photo/Ahn Young-joon)
A currency trader reacts near a screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 1, 2026. (AP Photo/Ahn Young-joon)
A screen displays financial information on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)
