(BRK.A), (BRK.B)
Lubrizol, a global player in specialty chemicals and a subsidiary of Berkshire Hathaway, has set its sights on doubling its revenue from the lucrative Indian market by 2029.
Currently, India contributes ten percent to the company’s global revenues, a figure set to skyrocket with strategic investments and expansion plans underway.
To fuel this ambitious growth trajectory, Lubrizol is injecting a substantial $150 million into its operations in India. One of the pivotal moves includes the construction of a cutting-edge CPVC resin plant in Vilayat, slated to claim the title of the world’s largest upon its completion in 2025. This state-of-the-art facility is poised to significantly bolster Lubrizol’s production capacity and meet the burgeoning demand for specialty chemicals in India and beyond.
Moreover, Lubrizol is establishing a Global Capacity Center (GCC) in Pune, India, aimed at fostering innovation and enhancing operational efficiency in the region. This strategic initiative not only underscores the company’s commitment to driving technological advancements but also positions India as a vital hub in Lubrizol’s global network.
In addition to infrastructure development, Lubrizol is ramping up its manpower, anticipating the creation of approximately 4,000 direct and indirect jobs through its new investments. This move not only bolsters employment opportunities but also underscores Lubrizol’s role as a catalyst for economic growth and development in the Indian market.
Furthermore, recognizing the burgeoning demand for CPVC compounds, Lubrizol has doubled its compound capacity at its Dahej, Gujarat, facility. This expansion reinforces Lubrizol’s commitment to meeting the evolving needs of its customers in India, further solidifying its position as a trusted partner in the specialty chemicals sector.
© 2024 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 a 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.