Grasim Industries Limited and Lubrizol Partner for India’s largest CPVC Resin Plant30 October, 2020
Grasim Industries Limited has entered into a definitive agreement with Lubrizol Advanced Materials to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin in India with initial production expected in late 2022. This special type of polymer material that is widely used in hot and cold water pipes, will be manufactured at the Chlor-alkali unit of Grasim located at Vilayat to take advantage of captive chlorine integration.
Construction of the near 100,000 metric ton plant will take place in a phased manner, and once commissioned, this would be the single largest site capacity for CPVC resin production globally.
“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 Mr. Kalyan Ram Madabhushi, CEO – Global Chemicals & Group Business Head- Fertilisers & Insulators, Aditya Birla Group. “The collaboration will support the Make in India initiative and is expected to create local jobs and downstream opportunities” he added.
“This alliance will help to better serve CPVC customers in India and South Asia, as well as support the Indian economy.” said Mr. Arnau Pano, Vice President, Lubrizol Advanced Materials, South Asia. “Connecting with Grasim Industries Limited, a reputable global conglomerate, which shares 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.”
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 is the inventor and largest manufacturer of CPVC resin and CPVC compounds worldwide. With billions of feet installed globally, Lubrizol’s CPVC solutions enable long-lasting systems and reliable access to clean, safe drinking water to millions of homes, apartments and commercial buildings in alignment with the company’s mission to help the world Live Better. Lubrizol products have been instrumental in delivering safer water to some 200 million citizens in South Asia.
This affiliation will also enable Aditya Birla Group and Lubrizol Corporation to explore opportunities across applications like Water solutions, Construction, Textiles, Automotive and Piping by leveraging the technologies and market channels of both the groups.
About Grasim Industries Ltd
Grasim Industries Limited, a flagship company of the Aditya Birla Group, ranks amongst the top publicly listed companies in India. Incorporated in 1947, it started as a textiles manufacturer in India. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose Staple Fibre, the largest Chlor-Alkali, Linen and Insulators player in India. Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, it is also the India’s largest cement producer and a leading diversified financial services player. At Grasim, there is an endeavor to create sustainable value for 24,000+ employees, 230,000+ shareholders, society and customers. The company reported consolidated net revenue of over US$ 10.9 Billion and EBITDA of over US$ 1.9Billion in FY 2020.
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway Company, leverages its unmatched science to unlock immense possibilities at the molecular level, driving sustainable and measurable results to help the world Move Cleaner, Create Smarter and Live Better. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales and technical offices around the world and has approximately 8,800 employees.