Lubrizol Advanced Materials India Pvt. Ltd. signed an agreement in February with The Institute of Chemical Technology (ICT) for the supply of technical services and new application development of Estane(R) thermoplastic polyurethane (TPU).
ICT is a leading chemical technology research university in Mumbai, India.
The agreement was signed by Ms. Ursula Thakkar, Managing Director, Lubrizol Advanced Materials, and Prof. G. D. Yadav, Vice Chancellor, ICT. The agreement sets the stage for a close collaboration that aims to develop new end-use applications in the Indian industrial sector. Speaking on this occasion, Ms. Ursula Thakkar, Managing Director South Asia said, “We are very pleased to partner with ICT as part of our strategy to provide innovative solutions for our customers in India”.
Dr. Jesus Santamaria, Regional business director for Engineered Polymers, EMEAI added: “India is one of the key regions that is contributing – and will contribute much more in the future – to our global business growth. We acknowledge the specificities of India as a market, different from other regions and, as such, deserving a differentiated support. Growing TPU applications in mobility, electronics and Industry 4.0 (digitalization and automation) are positioning India at the forefront of technology. This agreement is critical to this vision as it will complement our current global technical centers with a local support from one of the most globally recognized chemical technology institutions.”
Lubrizol Engineered Polymers has more than 60 years of experience and a worldwide network that includes formulation design, manufacturing, R&D and cutting-edge technologies.
Lubrizol Engineered Polymers offers one of the broadest portfolios of engineered polymers available today including resins that are bio-based, recyclable, light stable, flame retardant, adhesive, chemically resistant, optically clear and fast cycling. Our technology crosses many industries and applications, including surface protection, power and fluid systems, sports and recreation, wearable devices, electronics and automotive.
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.