Home > Finance > Grasim signs pact with Lubrizol to manufacture and supply CPVC resin in India

Grasim signs pact with Lubrizol to manufacture and supply CPVC resin in India


MUMBAI: Grasim Industries Ltd, a flagship company of Aditya Birla Group has signed an agreement with a global specialty chemical producer, Lubrizol Advanced Materials to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin in India with initial production expected in late 2022.

“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, Aditya Birla Group.

Construction of the near 100,000 metric ton plant will take place in a phased manner, the company said in a statement.

“This will be manufactured at Chlor-alkali unit of Grasim located at Vilayat, Gujarat to take advantage of captive chlorine integration,” the company said.

Lubrizol will bring in capital and technology while Grasim brings in extensive manufacturing expertise, required for the project, the group said in its BSE Filing.

“Lubrizol to invest fully in the project in two phases to set up the plant and Grasim will provide land, materials and utilities and will receive commercial charges over and above costs, in lieu of managing the plant operations,” it added.

Grasim industries is a large producer of Viscose Staple Fibre, the largest Chlor-Alkali, Linen and Insulators player in India. Its subsidiaries include UltraTech and Aditya Birla Capital.

Chlorinated Polyvinyl Chloride or CPVC is produced by adding chlorine to Polyvinyl chloride in a water slurry or fluidized bed chlorination process. CPVC is a popular piping option in today’s market. It finds usage in fire sprinkler systems, hot and cold water pipes and for many other industrial and process plumbing and piping applications.

“Growing need for clean water in all residential and commercial buildings will drive continued growth in India for CPVC,” said the company in a statement on Friday.

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, the company said.

“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.

Ohio-based Lubrizol Corporation, a Berkshire Hathaway Company owns and operates more than 100 manufacturing facilities, sales and technical offices around the world and has approximately 8,800 employees.

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