US-based Lubrizol Corp opens regional applications and business centre in Mumbai
Mumbai   17-Nov-2010

The US-based Lubrizol Corporation has opened its regional applications and business center in Mumbai, India to support its advanced materials business segment that focuses on branded specialty polymers and additives used in coatings, personal care and specialty plastics.

The Lubrizol Corporation is an innovative specialty chemical company that makes ingredients and additives for pharmaceuticals; specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives while reducing their environmental impact.

Eric Schnur, president, Lubrizol Advanced Materials, who presided over the opening ceremony, said that this is an important milestone in the company’s geographic expansion plan in South Asia.

The location, in the newly built Jaswanti Landmark office complex in Mumbai, centres on a world class development and applications laboratory and includes development, formulation and applications testing capabilities in multiple personal care and coatings applications as well as a world-class pharmaceutical application development center.

The Mumbai office also supports Lubrizol’s business in engineered polymers, which is well known in India for its Flow-Guard brand - a high performance engineered plastic widely used for hot and cold water delivery.

Eric Schnur said “Lubrizol has a long history of investing in the South Asian market, particularly in India, we view this market as a great opportunity for Lubrizol Advanced Materials, and our new site represents an important step in what we intend to be a long-term effort focused on growth and investment in this region.”

Lubrizol Advanced Materials has a manufacturing facility in India located in Vadodara and focuses on branded specialty polymers and additives used in coatings, personal care and plastics. These products may not be evident to the end-user as they are typically used as performance enhancers in well-known global consumer products.

Lubrizol India Limited (LIPL) was incorporated in 1966 with 60 per cent equity held by the Government of India and 40 per cent equity held by the Lubrizol Corporation, USA. The company was restructured in March 2000 as Lubrizol India Private Limited (LIPL) with 50 per cent equity held by Lubrizol and 50 per cent held by IndianOil.