Lubrizol to invest more than $150 million in India
The Hindu
Specialty chemical maker Lubrizol Corporation plans to invest more than $150 million in various India projects, including a CPVC resin plant in Gujarat and a grease lab in Navi Mumbai.
Specialty chemical maker Lubrizol Corporation plans to invest more than $150 million in various India projects, including a CPVC resin plant in Gujarat and a grease lab in Navi Mumbai.
“India is among the fastest-growing global economies with a favourable climate for business investment, including regional growth in many of the industries we support,” said Rebecca Liebert, President & CE0, Lubrizol.
“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,” she said.
Lubrizol said it’s work in India dates back to 1966 when it initiated in-region manufacturing for chemical additives for the transportation and industrial markets. It’s expanded significantly since that time, it added.
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