Engineering sector projects by The Lubrizol Corporation in Dahej
Project Information
5949
The Lubrizol Corporation
Lubrizol Corporation, a fully-owned subsidiary of Warren Buffett’s Berkshire Hathaway Inc, plans to set up a thermoplastic compound plant in Dahej, south Gujarat, with an initial investment of $50 million (Rs. 300 crore).
This is Buffett’s first investment in India.
Groundbreaking at the plant site is scheduled to take place on Friday. Eric Schnur, President of Lubrizol Advanced Materials, and other company officials will attend the function.
The plant, which will come up in the Gujarat Industrial Development Corporation (GIDC) estate in Dahej, will make TempRite chlorinated polyvinyle chloride (CPVC) compounds.
It will be operational in the first quarter of 2015 and will have the capacity to produce around 55,000 tonnes of CPVC compounds annually.
Lubrizol will manufacture the compounds, which will be supplied to its two licence holders in India – Astral Poly Technik Ltd and Ashirwad Pipes – to manufacture CPVC pipes.
“This is Lubrizol’s first plant outside the US and Europe. Our investment in India is a major step forward for our customers based in the region. This plant will help us meet the growing demand in the market,” said Manoj Dhar, head, TempRite, India & SAARC. TempRite is a brand owned by Lubrizol.
“The overall investment in CPVC plants for resins and compound manufacturing will be $400 million, which will be made in two phases. As a part of the first phase, we are investing $50 million for the plant in Dahej,” said Schnur.
Project Value
INR 300 Crore /-
Advanced Stages of Commissioning
Dahej
Gujarat
India
Engineering
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