Grasim Industries Ltd., Aditya Birla’s flagship company has inked pact with Ohio-based Lubrizol Advanced Materials, a subsidiary of Warren Buffett’s Berkshire Hathway, to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin that is widely used in hot and cold water delivery pipes in India. This polymer will be manufactured at Grasim’s Chlor-alkali unit located at Vilayat, Gujarat.
As per the company officials, the construction of the near 100 KTPA plant will commence in a phased manner, and once commissioned, it would be the single largest site capacity for manufacturing CPVC resin globally with the production expected to start in late 2022. Lubrizol will invest in the capital and technology during the plant set up while Grasim will provide manufacturing expertise during project. Grasim will provide land, raw materials and other utilities and will receive required capital in lieu of managing the plant operations.
The CPVC Resin produced will be sold under the brand names FlowGuard Plus, Corzan and BlazeMaster. The historic collaboration will also enable Aditya Birla Group and Lubrizol Corporation to explore their penetration across sectors like water solutions, construction, automotive and plumbing by leveraging the technologies and concerned expertise of both the groups.
Source : ChemAnalyst