Specialty chemicals firm Lubrizol Advanced Materials entered into an agreement with Aditya Birla Group company Grasim Industries Limited to collaborate on the production of chlorinated polyvinyl chloride (CPVC) resin in India, a recent company release announced.
The two companies are working to commission a new CPVC plant in Vilayat, Gujarat that will have a capacity of about 100,000 mt/yr. Resin manufactured at the site will be sold under Lubrizol’s FlowGuard Plus, Corzan, and BlazeMaster brands.
“This alliance will help Lubrizol better serve our customers in India and South Asia, as well as support the Indian economy,” Arnau Pano, vice president, Lubrizol Advanced Materials, South Asia, said in a statement. “Connecting with Grasim Industries Limited, a reputable global conglomerate, who share our commitment to sustainable chemical production, will allow us to provide our customers with increased, reliable CPVC supply and further our goal of improving access to clean, safe drinking water for millions of global citizens through the advantages offered by FlowGuard Plus plumbing solutions.
Plans for the new facility were launched in response to increased demand for CPVC pipe and fittings in the country. The opening of the plant will provide Lubrizol with end-to-end CPVC capabilities in India, the company said.
“This collaboration with Lubrizol Advanced Materials is part of our long-term direction to bring in world-class technologies to India and additionally complements our growth strategy in Chlor-Alkali and Derivatives platform,” said Kalyan Ram Madabhushi, chief executive officer, Global Chemicals and group business head, Fertilizers & Insulators for Aditya Birla Group, in the release.
Lubrizol said it plans to make investments in its CPVC compound plant in Dahej, Gujarat over the next several years. The company will also explore additional potential collaborations with Grasim in areas like water management, construction, automotive, and piping.