Lubrizol sets up CPVC plant in India
Construction of this plant is an integral component of the company’s previously announced $400 million global expansion of its resin and compounding manufacturing capacity. Investment in the new plant marks Lubrizol as the first major global producer of CPVC to establish operations in India.
The estimated investment in the new plant is more than $50 million and it will have the capacity to produce 55,000mt of compounds annually. The plant will be located in the Gujarat Industrial Development Corporation (GIDC). Many of the raw materials required for Lubrizol’s specialty chemicals are produced in GIDC. The plant will serve the Indian market as well as support the emerging growth of the business in South Asia, the Middle East and East Africa.