(BRK.A), (BRK.B)
Lubrizol, a global player in specialty chemicals and a subsidiary of Berkshire Hathaway, has recently inaugurated its new Global Capability Center (GCC) in Pune, India, signaling a strategic move to bolster its presence in the region and foster closer collaboration with customers and employees.
Situated within the Embassy Tech Zone in Hinjewadi, Pune, the Lubrizol GCC operates from a state-of-the-art facility spanning 42,000 square feet. Notably, the campus is both WELL- and LEED Gold certified, ensuring a workspace that prioritizes safety, health, and environmental sustainability. The design ethos encompasses ergonomic workspaces, wellness rooms, a cafeteria with recreational areas, and ample natural light streaming into training and huddle rooms. Moreover, the facility features a customer experience center showcasing Lubrizol’s scientific prowess, with live plant installations underscoring the company’s commitment to sustainability.
With plans to expand its workforce, the GCC anticipates adding over 200 regional employees across various functions such as Engineering, Supply Chain, Technology, Finance, and HR in the coming year. The facility has the capacity to accommodate up to 300 employees in the future.
Lubrizol’s legacy in India dates back to 1966, when it commenced manufacturing chemical additives for the transportation and industrial sectors. Over the years, the company has played a pivotal role in enhancing the quality of life in India and neighboring regions through innovative solutions that drive mobility, improve well-being, and enrich modern living. Currently, Lubrizol employs around 500 professionals across commercial offices, labs, and manufacturing plants in India, in addition to supporting numerous contract positions.
In a testament to its commitment to India, Lubrizol announced a significant investment exceeding $150 million in 2023. This investment encompasses the establishment of the world’s largest CPVC resin plant in Vilayat, Gujarat, doubling capacity at its Dahej site, opening a grease lab in Navi Mumbai, and fostering substantial job growth and innovation within the country.
JT Jones, Senior Vice President of High Growth Regions at Lubrizol, emphasized the importance of India as one of the company’s fastest-growing markets and a pivotal talent hub for global success and innovation. Bhavana Bindra, Managing Director for India, Middle East, and Africa, highlighted the GCC’s role as an integrated extension of Lubrizol’s global team, offering business processing and digital capabilities to drive impactful outcomes.
Abhishek Jain, India GCC Leader at Lubrizol, emphasized the significance of the Pune GCC in accessing top-tier talent to augment technological capabilities and operational excellence. This move underscores Lubrizol’s dedication to serving customers in India and worldwide through continuous innovation and customer-centric solutions.
© 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.