Page 42 - Plastics News March 2017

BUSINESS NEWS

Finolex Industries to make Chemplast Sanmar forms JV

Lubrizol's FlowGuard CPVC with France-based Kem One for

pipes in India chlorinated PVC

he US-based Lubrizol Corporation, one of the leading hennai-based Chemplast Sanmar, one of the leading
Tglobal manufacturers of chlorinated polyvinyl chloride Cpolyvinyl chloride (PVC) manufacturer in India, has
(CPVC) compound, has joined hands with Pune-based PVC formed a joint venture with French fim Kem One to set
pipes & fittings manufacturer Finolex Industries Limited up a manufacturing facility for chlorinated polyvinyl
for the manufacturing & sale of Finolex FlowGuardPlus chloride(CPVC) in Puducherry. Kem one is the second
pipes and fittings in India. The product will be launched largest producer of PVC in Europe. With the JV, to
in the market by Finolex Industries Limited in the last be called Kem oneChemplast, will meet the growing
week of March 2017 and will cater to the building demand for CPVC, a widely used material in building and
and construction industry. “Lubrizol is dedicated to construction sector, in the country. The new facility, for
supplying the highest qualityCPVC compounds to service which approvals are in the process of being obtained,
the Indian hot & cold water plumbing markets. our will come up at Karaikal, Puducherry. The project, which
partnership with Finolex Industries highlights the need is being set up at an estimated cost of Rs 325 crores,
will have technology from Kem one and a capacity of
and importance of quality CPVC pipesand fittings made 22,000 tonne per annum (TPA) of CPVCresins. It will also
from time-tested CPVC compounds provided by Lubrizol. manufacture CPVC compounds.In recent years, there is
Since January 2016, we have been manufacturing these
world quality materials from a state-of-the art plant in
Dahej, Gujarat. our association withFinolex will further
strengthen FlowGuard’s
co mmitment to
delivering reliability in
India through Finolex’s
wide spread network in
the country,” explained
Matthew Timmons,
managing director,
Lubrizol Advanced
Materials India Pvt Ltd. In January last year,Lubrizol a switch from metal to CPVC in pipes used in buildings
opened its CPVC compounding plant in Dahej, which in India, and in parallel, overall construction demand
involved an investment of about Rs 325 crores. Prakash has also been witnessed.
Chhabria, executive chairman of Finolex Industries CPVC can also be used for industrial applications
Limited, added, “We are committed to strengthening the which require a high level of chemical resistance and
plumbing industry through our association with Lubrizol for sprinklers. The demand for CPVC is expanding
falls in line with the culture of Finolex Industries in significantly and will continue to grow rapidly in India.
providing quality products ‘Made in India’ for the Indian The manufacturing joint venture company will thus
market. We are confident about Lubrizol’s global expertise provide the domestic answer to the Indian customers’
in compounding and appreciate the work done by them needs that is currently being met through imports.
in changing the plumbing industry from metal-based to The establishment of the manufacturing joint venture
CPVC–based piping. With FlowGuard’s raw material and company mentioned above as Kem oneChemplast will
support, our track record of providing superior products be subject to approval from the competent authorities.
for Indian market gets strengthened. We look forward to With this partnership with Chemplast Sanmar, Kem One is
a successful partnership.” expanding its footprint in the fast growing Indian market.

Plastics News | March 2017 42