 "Lubrizol opens Rs 325 cr CPVC compounding plant in Dahej")
The Lubrizol Corporation, a Berkshire Hathaway company, has opened its chlorinated polyvinyl chloride (CPVC) compounding plant in Dahej, Gujarat. The new plant represents the culmination of Lubrizol’s investments in global expansion of the company’s FlowGuard, BlazeMaster and Corzan compound manufacturing sites. These most recent investments, which were announced in 2013, total more than $ 200 million (Rs 1300 crore) and also include the 2015 opening of a resin manufacturing facility as part of a joint investment in Rayong, Thailand, as well as an expansion of the company's manufacturing facility in Louisville, Kentucky.
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Strategically located in the Gujarat Industrial Development Corporation (GIDC), which is one of the largest chemical parks in India, Lubrizol is the first major global producer of CPVC to establish operations in India. With capacity to produce approximately 55,000 metric tonnes of compounds annually, Lubrizol has invested more than $ 50 million (Rs 325 crore) in the new plant. The site will serve not only the growing Indian market, but also support the emerging growth of its FlowGuard, BlazeMaster and Corzan businesses in South Asia, the Middle East and East Africa.
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Manoj Dhar, head of TempRite engineered polymers in South Asia, Lubrizol, added, “With construction projects in non-metro cities expected to continue to increase in India, and with the central government of India aiming to build more smart cities, the demand for trustworthy piping systems is expected to rise. Lubrizol is dedicated to providing our customers with the highest quality piping products through our insistence of using only the best raw materials, and our new India compounding plant will use the industry's most advanced compounding technology used in our FlowGuard, BlazeMaster and Corzan products developed in the US and employed in our manufacturing sites around the globe.”
ALSO READ: Japan's Sekisui Chemical eyes India for growing CPVC compound business
Strategically located in the Gujarat Industrial Development Corporation (GIDC), which is one of the largest chemical parks in India, Lubrizol is the first major global producer of CPVC to establish operations in India. With capacity to produce approximately 55,000 metric tonnes of compounds annually, Lubrizol has invested more than $ 50 million (Rs 325 crore) in the new plant. The site will serve not only the growing Indian market, but also support the emerging growth of its FlowGuard, BlazeMaster and Corzan businesses in South Asia, the Middle East and East Africa.
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“Our recent expansion efforts, combined with our existing operations, positions Lubrizol to continue to be a strong market leader for many years to come. We are pleased to have an unmatched global footprint that provides our partners with reliable, high quality compounds to enable them to achieve their overall growth objectives,” stated Eric Schnur, president of Lubrizol Advanced Materials.
ALSO READ: HSIL to invest Rs 217 cr to set up plastic pipes plant
Manoj Dhar, head of TempRite engineered polymers in South Asia, Lubrizol, added, “With construction projects in non-metro cities expected to continue to increase in India, and with the central government of India aiming to build more smart cities, the demand for trustworthy piping systems is expected to rise. Lubrizol is dedicated to providing our customers with the highest quality piping products through our insistence of using only the best raw materials, and our new India compounding plant will use the industry's most advanced compounding technology used in our FlowGuard, BlazeMaster and Corzan products developed in the US and employed in our manufacturing sites around the globe.”