Lubrizol Corporation, a leader in specialty chemicals, is set to invest an estimated INR 1,674 Crore over four years to set up a greenfield manufacturing facility in Aurangabad. The company has also signed a Memorandum of Understanding with the Government of Maharashtra to acquire an anticipated 120 Acres of land parcel.
The company plans this facility to support the region’s burgeoning transportation and industrial fluid markets. As a result, this plant will become the second-largest manufacturing facility of Lubrizol worldwide and its largest in India. The construction will unfold in phases over the coming years, with ample room for future expansion. The commencement of manufacturing is set to align with Lubrizol’s 100th anniversary in 2028.
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This cutting-edge manufacturing facility will enhance the company’s local capacity and capabilities, particularly for its Additives business. Moreover, it holds the potential to support other ventures and regions in the future. Besides catering to domestic demand, this site will offer export opportunities to neighboring countries and other locations.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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