The Lubrizol Corporation, a global leader in speciality chemicals, is pledging more than $150 million of in-region investment, including 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.
Rebecca Liebert, President and CEO, Lubrizol, said, “India is among the fastest-growing global economies with a favorable climate for business investment, including regional growth in many of the industries we support.”
The company expects to enable 4,000 direct and indirect jobs through several new investment projects, including CPVC resin production with Grasim Industries, Establishing R&D Capabilities in Dahej, Gujarat, supporting transportation and industrial customers across the world with Mumbai India Grease Lab, and Turbhe Expansion.
In addition to these significant projects, the company plans to continue to invest in Centers of Excellence capabilities in the years ahead to capitalise on the growth opportunity within the region.
“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,” Liebert added.