2023 - 2024 Exhibitions
Investments: Lubrizol to invest US$150 mn in expansion in India; to break ground on country’s largest CPVC plant
Speciality chemicals firm Lubrizol plans to invest more than US$150 million in several projects across India. The company says the investments include breaking ground on India’s largest CPVC resin plant in Vilayat, Gujarat, doubling capacity at its site in Dahej, Gujarat, opening a grease lab in Navi Mumbai and enabling significant in-country job growth and innovation.
“India is among the fastest-growing global economies with a favourable climate for business investment, including regional growth in many of the industries we support,” said Lubrizol President/CEO Rebecca Liebert. “We are building on 50 years of success in India by adding new manufacturing, lab and R&D sites, supporting in-country innovation and adding jobs that capitalise on the great expanding workforce and business conditions in India, allowing us to serve needs not only in India but in surrounding countries.”
Lubrizol’s work in India dates back to 1966 when the company initiated in-region manufacturing for chemical additives supporting transportation and industrial markets. The company’s work in India has expanded significantly since that time, supporting a wide variety of industries through products and solutions purpose built for the region.
The company has steadily grown its employee base in India with roles supporting both regional and global needs. It expects to enable 4,000 direct and indirect jobs through several new investment projects:
- Enabling World’s Largest CPVC Resin Production with Grasim Industries Limited. In 2001, Lubrizol introduced CPVC into the India market, which has represented a significant economic development opportunity for the region. Today India is amongst the largest consumers of CPVC, primarily in the form of plumbing pipe and fittings, and growing needs for clean water in all residential and commercial buildings will drive continued growth. Lubrizol and Grasim Industries Limited, a flagship company of the Aditya Birla Group, will break ground on the first phase of a 100,000 tonne-CPVC resin plant at Grasim’s site in Vilayat later this year. This will be the largest single-site capacity for CPVC resin production globally. The CPVC resin produced at Vilayat will enable product sold under Lubrizol’s FlowGuard Plus, Corzan and BlazeMaster brands.
- Providing Access to Clean Drinking Water by Doubling CPVC Capacity, Establishing R&D Capabilities in Dahej, Gujarat. Lubrizol will double its existing CPVC compound capacity at Dahej, Gujarat, from existing 70,000-140,000 tonnes. Lubrizol also plans to setup a local R&D centre, which will be its second global R&D centre after North America. With this investment, Lubrizol becomes the only company in India with end-to-end CPVC capability and well poised to serve the needs of local Indian customers. This capacity will also cater to neighbouring high-growth markets like Nepal, Bangladesh and Indonesia.
- Supporting Transportation, Industrial Customers Across the World with Mumbai India Grease Lab, Turbhe Expansion. Lubrizol is committed to supplying alternative high-performance, cost-effective industrial grease-thickening solutions to grease manufacturers around the world. Earlier this year Lubrizol announced the opening of a new grease lab in Navi Mumbai, India, to support the testing and development of calcium sulfonate greases with strong potential in the industrial grease market. Since 2020, the company’s Additives business has introduced more than 35 new blends for transportation and industrial applications localised in India, adding a new storage facility and filtration capabilities at its production site in Turbhe.
In addition to these significant projects, the company plans to continue to invest in Centres of Excellence capabilities in the years ahead to capitalise on the growth opportunity within the region.
(PRA)
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