(BRK.A), (BRK.B)
Lubrizol, a subsidiary of Berkshire Hathaway, has reaffirmed its commitment to growth in India, the Middle East, and Africa (IMEA) with the appointment of Nitin Mengi as Vice President, Lubrizol Additives, IMEA, and Chairman & Managing Director, Lubrizol India Private Limited.
This strategic move aims to strengthen the company’s presence and focus on growth in the region, emphasizing collaboration with customers, suppliers, and stakeholders.
In his new role, Nitin will spearhead efforts to drive growth for Lubrizol’s Additives business, particularly in transportation and industrial markets across the IMEA region. Working closely with Bhavana Bindra, Managing Director of Lubrizol IMEA, Nitin will play a pivotal role in executing the company’s regional strategy.
Flavio Kliger, Senior Vice President and President of Lubrizol Additives, expressed confidence in the appointment, highlighting Lubrizol’s commitment to growth in IMEA and the delivery of sustainable solutions that enhance mobility and well-being. Nitin brings over two decades of experience in the gas and oils industry across various regions, including Asia Pacific, India, the Middle East, and Africa. His expertise in leading cross-functional teams positions him well to drive Lubrizol’s growth agenda in IMEA.
Nitin expressed enthusiasm about joining Lubrizol, citing the company’s industry leadership and exciting future plans. His appointment comes at a time when Lubrizol is actively expanding its operations and capabilities in the IMEA region.
Notably, the company is investing $150 million in India, including the construction of a state-of-the-art CPVC resin plant in Vilayat, set to be the world’s largest upon completion in 2025.
Additionally, Lubrizol is establishing a Global Capacity Center (GCC) in Pune, India, to support innovation in the region.
© 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.