The Economic Times

Lubrizol bets $150 million on India CPVC market, eyes doubling revenue in five years

Warren Buffett-backed Lubrizol Corporation is making its largest India investment in six decades, a $150 million facility in Gujarat, to tap into the booming CPVC resin market. This move, in partnership with Grasim Industries, aims to meet surging demand driven by urbanization and infrastructure growth. Lubrizol anticipates doubling its Indian revenues within five years, highlighting the region's significant economic potential and its commitment to local production.